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Kathmandu expects second-half earnings to be materially down

The retail company’s shares have more than halved this week.

Kathmandu Holdings warns there’s likely to be a material reduction in its earnings in the second half of the year, as people put off shopping due to the Covid-19 outbreak.  

Its share price has more than halved since the start of the week, from $3.60 to $1.70. 

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Calida Stuart-Menteath Wed, 18 Mar 2020
Contact the Writer: calida@nbr.co.nz
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Kathmandu expects second-half earnings to be materially down
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