Business leader of the year finalist 2013: Peter Halkett

Peter Halkett has led the company through solid growth. Photo / Richard Robinson
Peter Halkett has led the company through solid growth. Photo / Richard Robinson

Amidst a tough retail environment, Kathmandu chief executive Peter Halkett has led the company through a solid year of growth.

Buoyed by positive financial results, the outdoor apparel and equipment retailer has been the second-best performing stock on the NZX in 2013, just behind the market darling of the moment - online accounting software provider Xero.

Kathmandu's shares have gained more than 76 per cent this year - compared with Xero's 320 per cent - closing yesterday at $3.30.

In September the company reported full-year net profit of $44.2 million, a 27 per cent rise on the previous year, while revenue lifted 10.6 per cent to $384 million.

Kathmandu opened 17 new stores, mostly in Australia, in the year to the end of July.

At the time of the full-year result, Halkett said the company was expecting another solid performance in 2014.

The former chief executive of Pacific Retail Group joined Kathmandu in 2006.

- NZ Herald

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