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HALLENSTEIN GLASSON HOLDINGS LIMITED 26 March 2021 HALLENSTEIN GLASSON HOLDINGS LIMITED UNAUDITED RESULTS FOR 6 MONTHS ENDED 1 FEBRUARY 2021 The Company advises that Group sales for the six months to 1 February 2021 were $ 181.98 million , an increase of 13.6 % over the corresponding period last year ( $ 160.27 million ) . Net profit after tax was $ 19.84 million , an increase of 28.6 % over the corresponding period last year ( $ 15.44 million ) . The result is in line with the guidance announced to the NZX on 17 February 2021 . Gross margin on sales was 56.5 % compared with 58.3 % in the prior corresponding period , this was mainly due to increased freight costs resulting from shipping delays over the key trading period where stock was required to be airfreighted to manage availability . General expenses across the business were well controlled . Segment Results Glassons Sales in Australia were $ 68.43 million for the six month period , which were up 26.9 % against the prior corresponding period . During the season a new pop - up store was opened in Birkenhead , Sydney . There are currently permanent sites being reviewed for potential openings in Australia to further expand the business . Sales in New Zealand were $ 61.84 million , which was up 14.5 % against the same period last year . There is continued focus on technology and the effectiveness of being omni channel with an increase in investment to support the digital strategy . There has been a strong emphasis to make product more sustainable with a number of new initiatives launched over the period . Both Glassons businesses have continued to show strong growth in what is a challenging and ever - changing environment . Hallenstein Brothers Sales were $ 51.70 million for the six month period ( including Australia ) , with sales declining -1.2 % against the same period last year . Demand for the tailored product diminished with the impact of COVID - 19 with more people working from home , and less certainty around events . Work continued throughout the season on improving the product offering and repositioning the brand . E - Commerce Digital sales have increased to 23.8 % of total Group sales for the six month period . The focus is on digital marketing across the Group to drive engagement across all channels . During the period Hallenstein Glasson Holdings Limited Level 3 , 235-237 Broadway , Newmarket , Auckland , New Zealand | PO Box 91-148 , Auckland Mail Centre 09 306 2500