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KMD not worried about being dropped from key index

The listed retailer saw its half-year net loss after tax deepen to $20.7m, from $9.7m.

Surf wear brand, Rip Curl.

Kate McVicar Wed, 26 Mar 2025
Key points
  • Revenue: Up 1% to $470.9m. 
  • Loss: Increased $11m to $20.7m. 
  • Key Takeaway: The outdoor retailer remains cautious moving into the second half of its financial year.  

Falling out of Australia's oldest index of shares isn’t a concern for outgoing KMD Brands managing director Michael Daly.

The NZX- and ASX-listed retailer has been dropped from the S&P All Ordinaries index. The index, based on companies' market capitalisation, includes the largest 500 companies

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Kate McVicar Wed, 26 Mar 2025
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Up 1% to $470.9m. 
  • Loss: Increased $11m to $20.7m. 
  • Key Takeaway: The outdoor retailer remains cautious moving into the second half of its financial year.  
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KMD not worried about being dropped from key index
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