March 23, 2014 / 11:26 PM / 4 years ago

Shares in Kathmandu jump after H1 earnings

SYDNEY, March 24 (Reuters) - Shares in Kathmandu Ltd jumped after the New Zealand and Australian clothing and outdoor goods retailer reported a 10.7 percent rise in first half profit on Monday on higher sales and improved margins.

Kathmandu shares listed on the ASX added 11 percent to touch two-week highs of A$3.44, while shares on New Zealand’s index climbed 8.4 percent to NZ$3.62.

Reporting by Thuy Ong; Editing by Paul Tait

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