Esprit Interim Profits Grew Over 37
Percent |
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Esprit Holdings Limited (SEHK: 330) this week announced interim results for the six months ended December 31, 2007.
We are excited to report
another strong set of results. Our performance is a testimony of the
strength of our business model and our capability to sustain
growth,
In the first half of the
financial year, persistent efforts to improve operating efficiency
and economies of scale have resulted in an increase of 0.7% point in
operating profit margin to 21.7%. Also, benefiting from the recent
German tax reform, net profit margin expanded by 1.4% points to
17.8%,
In view of the robust cash
position and anticipated strong operating cash flow going forward,
the Board has approved an interim dividend of HK$0.95 per share to
be paid on April 3, 2008, representing 35.7% yoy increase,
Thomas Grote, President of
ESPRIT brand said, Mr. Grote added, We see the potential weakening of global economic condition an opportunity to gain market share, particularly through retail expansion. In the second half of the financial year, over 60 retail stores will be opened as we steadily progress towards our target of opening 400 stores in 3 years.
This year marks the 40th
anniversary of Esprit. A series of promotional events will be held
to celebrate this important milestone. In midst of the recent
economic environment, we remain confident in enhancing shareholders
value through our proven business model and growth strategies, ESPRIT HOLDINGS LIMITED UNAUDITED CONSOLIDATED FINANCIAL DATA (in HK$ millions, except per share data)
Esprit Holdings Limited is a constituent stock of the Hang Seng Index, MSCI Hong Kong Index, FTSE All-world Index for Hong Kong, S&P/hKEx LargeCap Index and S&P Asia 50 Index. Its subsidiaries are engaged in the retail and wholesale distribution of quality lifestyle products designed under its globally recognized Esprit and edc brands, and of cosmetic and body care products under its Red Earth brand. The Group operates over 650 directly managed retail stores worldwide and distribute through approximately 14,000 controlled-space wholesale point-of-sales internationally, occupying around 950,000 square meters of retail space in more than 40 countries You may also have interest in the fashion shopping articles ... |
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