Kathmandu Profits Drop $ 49 Million Due to Covid-19

[ad_1] Outdoor equipment retailer Kathmandu has reported an after-tax profit of $ 8.9 million for the year through July 31, down from $ 57.6 million last year. The results also reflected one-time costs related to the purchase of Rip Curl in February. The company said that sales were greatly affected …

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Kathmandu registers an 85% drop in earnings

[ad_1] Kathmandu Holdings’ earnings fell 85% in its 2020 financial year. The outdoor clothing and equipment retailer posted a net tax profit of $ 8.9 million in the 12 months through July 31, compared to $ 57.6 million a year earlier. The company said the steep drop in earnings reflected …

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