16 Aug 2012

Pumpkin Patch expects $10m profit

1:36 pm on 16 August 2012

Children's clothing firm Pumpkin Patch has issued a profit upgrade.

The listed company expects its profit before one-off restructuring costs to be above market expectations at about $10.1 million for the year to the end of July.

It also says bank debt and inventory will be lower, with bank debt down a tenth to $55 million and inventory down a quarter to $62 million.

Pumpkin Patch says online sales rose by half to more than $30 million, with strong growth in all its markets.

The company's results are released on 27 September.