Casual Wear Brand Bossini, Fort Shilong Medium Term Profit Rose 119%

Hong Kong Casual Wear Retailer InternationalHoldingsLtd. burshlung International Group Co., Ltd. closed its interim results. The net profit in the first half of fiscal year increased by 118.6% to HK $74 million 523 thousand in the first half of December 31, 2013, compared with HK $34 million 91 thousand in the same period last year. At the end of January, the company announced that it had narrowed its losses in the mainland and Taiwan.

Bursworth will pay 2.30 Hong Kong cents in the middle term, up from 1.68 Hong Kong cents in the previous year.

As of the first half of December 31, 2013, the income of bursworth dropped by 4.6%, from HK $1 billion 234 million 100 thousand to HK $1 billion 272 million 600 thousand in the same period last year. Gross profit fell by 1.3% to HK $627 million 600 thousand, compared with HK $636 million 100 thousand in the same period last year. Operating profit rose 78.7% to HK $90 million 276 thousand, a 5050.6 Hong Kong dollar in the same period last year, and 4.59 cents per share, which was 2.10 Hong Kong cents in the same period last year.

In the first half of the fiscal year, the gross profit margin of bursholl increased by about 100 basis points to 49%, and the operating profit margin rose by nearly 300 basis points to 7%.

In the first half of the fiscal year, the total sales of burshall sold 7% in the same store. Hongkong Market Sales in the same store increased by 11%, and revenue was even more. The sales growth in the same market in mainland China was 12%, and the losses in the Taiwan market narrowed, and the sales per unit area increased by 5%. In the first half of the fiscal year, the sales volume of the group as a whole was HK $4100 per square foot, much higher than that of HK $3200 in the same period last year. The proportion of operating costs decreased from 45% last year to 43%.

Hongkong's market revenue increased by 5% to HK $888 million in the first half of the fiscal year. In mainland China, revenue declined to HK $154 million due to a decrease in store and sales area, a 30.9% drop from HK $223 million in the same period last year. Operating losses narrowed to HK $5 million from 52 million Hong Kong dollars in the same period last year. The income in Taiwan during the market period fell by 18.7% to 109 million Hong Kong dollars, the same period last year was HK $134 million. shop As well as the decrease in sales area, Taiwan's market operating loss also decreased from HK $20 million to HK $9 million. Singapore's market performance was poor, and revenue declined by 9.6% to HK $122 million in the case of increased store and sales area, which was HK $135 million in the same period last year. Singapore's operating profit also changed from HK $1 million to HK $3 million.

Burlung called the retail environment complex and cautious in fiscal year 2014.

On the 26 day's closing, InternationalHoldingsLtd.'s burshlung International Group Limited (0592.HK) shares had a big decline of 2.70%, closing at HK $0.72. So far this year, the stock price has risen by more than 26%, but in January 22nd it rose nearly 30% on a single day.