Kathmandu's share price has soared to a record high after it enjoyed the biggest daily trade volumes in two years.
The shares closed today at $3.45 a share, up 27 cents, or 8.5 per cent, although in earlier trading it reached $3.51 on volumes of 3.67 million.
That easily bet Tuesday's record close of $3.18.
The outdoor gear retailer's share price has more than doubled compared with the same time last year.
The surge helped push the NZX50 to a record high of 4764.72, climbing 54.14 points, or 1.15 per cent.
Kathmandu's high trade volumes follow its $44.2 million net profit announcement on Tuesday.
New stores, refurbishments, relocations and online sales growth helped the listed retailer post a 26 per cent rise in net profit for the year ending July 31.
It improved sales by 10.6 per cent to $384m. Earnings before interest and tax were up 11.2 per cent to $63.4m.
In Australia, Kathmandu's sales rose 19.5 per cent to A$198.4m (NZ$223.7m) for the year.
Same-store sales grew 6.7 per cent across the Tasman.
The company opened 17 stores during the 2013 financial year.
It said it was aiming to open 15 stores during the coming year.
Online sales grew 55 per cent and contributed to 4 per cent of the company's total sales for the year.
- © Fairfax NZ News