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Hancock & Gore Limited ( (AU:HNG) ) just unveiled an update.
Hancock & Gore Limited reported strong trading performance for the first half of the fiscal year 2025, with its Global Uniform Solutions business showing a 3% increase in sales compared to the previous year. The integration of Schoolblazer is progressing well, contributing to a 15% sales increase, while Mountcastle’s Australian sales rose by 8%. The company is advancing discussions to expand Schoolblazer’s e-commerce model in Australia and New Zealand. Additionally, H&G is set to acquire HCF’s assets, which will enhance its balance sheet by $15.5 million and simplify operations. Despite recent market volatility, H&G maintains a strong financial position and plans to declare a fully franked dividend.
More about Hancock & Gore Limited
Hancock & Gore Limited is a diversified investment company focused on delivering long-term investment returns through a portfolio of operating investments. Its primary asset is the school wear business comprising Mountcastle and Schoolblazer, which holds leadership positions in the UK, Australia, and New Zealand.
YTD Price Performance: -15.52%
Average Trading Volume: 118,246
Technical Sentiment Signal: Buy
Current Market Cap: A$117.7M
Learn more about HNG stock on TipRanks’ Stock Analysis page.