Kampuchea'S First Half Year Garment Industry Is Eye-Catching

According to the Kampuchea International Trade Promotion Agency, the first 6 months of this year included

Kampuchea's tax revenue amounted to US $532 million, an increase of 13.5%, including household equipment, textiles and clothing, import and export trade.

Among them, the clothing industry is the most outstanding. Newly registered garment factories in Kampuchea have reached 1200, an increase of 8% over the same period last year, and the number of employment increased from 678 thousand to 733 thousand.

In terms of investment,

The Investment Promotion Committee (CIB) has approved 2932 investment projects from 1994 to the end of June 2014, with a total value of nearly US $10 billion 534 million.

In the first half of this year, investment projects approved by CIB amounted to 91, valued at $226 million, an increase of 18 projects compared with the same period last year, with an increase of 29% in investment.

Among them,

There are 53 investment projects worth 70 million US dollars. The main source countries of investment include China, Korea, Italy, Japan, Germany, Singapore and the United States.

With the improvement of the political situation in Kampuchea, a number of Thailand manufacturers have invested in the Kampuchea garment industry.

Meanwhile, with the improvement of the domestic situation in Thailand, the local small and medium-sized enterprises are also stepping up their research and development of new products and expanding their businesses.

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Esprit Holdings Limited 0330.HK announced today that it has made a profit in the 2014 fiscal year ended June 30th, achieving a net profit of HK $210 million, or HK $0.11 per share, far exceeding the market forecast of HK $0.071, compared with a net loss of HK $4 billion 390 million in the 2013 fiscal year or HK $2.50 per share.

The year-on-year income fell 6.5% to HK $24 billion 230 million, a year-on-year rate of HK $25 billion 900 million, or 9.9% in local currency terms.

The Group expects that with the continued closure of unprofitable stores and wholesale customers, revenues in the current fiscal year 2015 will decline further, but gross margins will benefit slightly from the improvement of the supply chain.

Gross profit margin was 50.2%, an increase of 60 basis points over the whole year of 49.6%, mainly due to the improvement in inventory management, resulting in a reduction in price and an increase in the proportion of retail revenue.

Operating expenses decreased significantly by HK $5 billion 212 million, or HK $30.6% to HK $11 billion 795 million.

Retail and wholesale businesses in the Asia Pacific region have been under constant pressure, and retail channel revenue has decreased by 15.6% to HK $3 billion 159 million per annualized year. The group blamed retail area correction, reduced stream of people, lower stock and product mix average price, and wholesale channel revenue decreased by 46.5% to HK $524 million.

The overall income recorded a decrease of 22.2% from HK $4 billion 738 million last year to HK $3 billion 685 million, of which the largest market in the region was not as good as China and its revenue declined by 26.9%.

The European market, which accounts for 81.3% of revenue, has continued to achieve a stable sales area. Its revenue has declined by 1.8% to HK $19 billion 700 million over the same period last year, of which Germany's business revenue has increased by 1.4%.

As of the end of June, the group had 905 sales outlets, 119 fewer than last year, and closed stores mainly concentrated in China and Australia.

The group announced a final dividend of HK $0.04 per share.

After the announcement of 0330.HK, shares rose sharply at 9% to HK $13.52 in the afternoon, narrowing to 3.23% at the end of the draft without stylish Chinese net, at HK $12.80.