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Rip Curl Back Above Pre-COVID-19 Levels, Reinforcing Kathmandu’s First Half-Year 2021

Kathmandu reported their 2021 First Half-Year results (1H FY21), ending Jan 31, 2021. If Q1 delivered positive results driven by Rip Curl, Q2 confirmed the trend and Kathmandu resumed dividend payments to shareholders. The consolidated net profit after tax for the period was NZ$22.3 million (2020: NZ$7.6 million). Sales for the period were NZ$410.7 million (2020: NZ$363.7 million). For comparison purposes, it is worth noting that Kathmandu acquired Rip Curl on October 1, 2019, mid-1H 2020. 1H…