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AAP
AAP
Business
Derek Rose

Kathmandu owner KMD Brands posts $13m half-year profit

KMD KMD Brands Kathmandu Rip Curl
Kathmandu owner KMD said its brands including Rip Curl delivered strong sales growth in the half. (David Mariuz/AAP PHOTOS) (AAP)

KMD Brands has returned to profitability, with its Kathmandu stores in Australia posting strong sales growth as the lockdowns ended.

The Rip Curl, Kathmandu and Oboz footwear owner on Wednesday announced overall sales were up 34.5 per cent to $NZ547.9 million ($507m) for the six months to January 31. It made a net profit after tax of $NZ14m ($13m), compared to a $NZ5.1m ($4.7m) loss a year ago.

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