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Hallenstein Glasson Holdings posts earnings increase

September 26, 2012 - 5:45pm

Hallenstein Glasson Holdings posted a 15% rise in earnings, as the clothing retailer increased market share.

Hallenstein's opened its first factory in Dunedin in the 1800s, and merged with Glassons in the 1980s.

Profit increased from $18.3 million last year to $21 million in the 12 months to August this year.

Sales increased 4.9%, and stock rose 2.4%.