Kathmandu revenue up 14 per cent

Outdoor equipment and clothing chain Kathmandu has reported a 14 per cent lift in annual revenue to $245.8 million, following its listing last year.
The company founded by mountaineer Jan Cameron in this country in 1987, was sold last November in an initial public offering by its then private equity owners Goldman Sachs JBWere and Quadrant Private Equity, raising A$340 million.
The IPO price in New Zealand was $2.13 a share, while in Australia it was A$1.70. In its results announcement yesterday, Kathmandu said its earnings before interest and tax (ebit) in the year to July 31 rose 12.4 per cent from the year before to $47.9 million, if the one-off costs associated with the IPO were excluded.