BELLE'S Profits Increased By 102% In 2007

26, Belle International Holdings Ltd (Hongkong exchange code: 1880, hereinafter referred to as BELLE) released its 2007 results.

The company's annual turnover was 1 billion 167 million yuan, an increase of 87.1% over the same period, and the profit after tax for the whole year was 1 billion 979 million yuan, a 102.7% increase over the same period last year.

The net interest rate is 17%.

The announcement also said that BELLE's basic earnings per share were 0.25 yuan, and the interest rate was 0.035 yuan per share at the end of the proposed period.

BELLE said the increase in its turnover was mainly due to the growth of footwear business, which grew by 33% over the same period last year.

Sportswear business also contributed to sales growth. Sportswear sales accounted for 45.4% of the total sales revenue in the first half of the year, accounting for 46.9% in the whole year.

BELLE believes that this change reflects the growth of the sports apparel market faster than the growth rate of the footwear consumer market.

BELLE also said that the growth rate of the two or three tier market was higher than that of the first tier market (Beijing, Shanghai, Guangzhou and Shenzhen), and the share of the primary market decreased slightly.

In the future, BELLE will expand rapidly in the two or three tier market and seize more high-quality commercial store resources.