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Article: Esprit Final Results for Year Ended 30 June 2009; - Group turnover of HK$34.5 billion and net profit of HK$4,745 million - Retail local currency turnover grew 10%, with 3.5% comparable store sales growth - Net cash position amounted to HK$4.8 billion - Retail and franchise selling space grew 15.4% and 15.5% respectively - Total dividend payout ratio of 75%.
- Article from:
- Marketwire Canada
- Article date:
- August 26, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG, CHINA, Aug 26, 2009 (Marketwire via COMTEX) -- Esprit Holdings Limited (SEHK:00330) today announced final results for the year ended 30 June 2009.
The Group's turnover base maintained stable year-on-year in local currency terms, or HK$34.5 billion, amidst macro headwind. Retail turnover recorded a 10.0% jump in local currency as customer demand remained resilient as shown by comparable store sales growth of 3.5%. The retail business now contributes over 47% (FY07/08: 43%) to Group turnover.
The Group generated operating profit of HK$5,729 million with an operating profit margin of 16.6% (FY07/08: 20.7%). This year, the selling space of retail ...