Hancock & Gore Reports Strong Half-Year Performance and Strategic Growth Initiatives

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.