27 Feb 2012

Hellaby lifts half year profit

7:50 pm on 27 February 2012

Hellaby Holdings has lifted its half year profit by 42% and remains on the lookout for acquisitions.

Hellaby owns footwear retailers Number One Shoes and Hannahs and also operates packaging, automotive and equipment businesses.

It made $7.8 million in the final six months of 2010, 42% more than in the same period a year earlier.

Hellaby Holdings' chief executive John Williamson said it was an excellent result given the sluggish market conditions.

He said the profit increase came off a very low base, with the economy having contracted, but for his business it was a very good bounce back.