KEY POINTS:
Clothing retailer Hallenstein Glasson is forecasting a slightly lower year profit of between $21-$21.3 million.
The company had a net annual profit of $21.7 million to August 1 in 2006.
This year it had a difficult summer season as a result of chilly weather, but said the winter season had improved, with an after tax profit 2 per cent above the same February to June period last year.
Full year sales to August 1 were $200.19 million, up 1.8 per cent on last year's $196.7 million
Sales for the second half of the year increased 3 per cent, and "despite a very price sensitive market, stock has been well controlled and gross margin on sales has been maintained".
The company's full year profit results are out on September 14.
Shares in Hallenstein Glasson rose 5c to $4.50 in early afternoon trading, 5c off its year-low yesterday.
- NZPA
