Hongkong Apparel Retailer's Annual Net Profit Of 127 Million HK $

Hongkong leisure apparel retailer Bossini International Holdings Ltd. burlung International Group announced its closing results for the 2014 fiscal year ended June.

The group's annual net profit amounted to HK $127 million, an increase of 4.7 times compared with HK $22 million 209 thousand in fiscal year 2013, and HK $0.0778 per diluted share. Operating profit increased from HK $46 million 132 thousand last year to HK $155 million. Gross profit increased by 8.5% to HK $1 billion 301 million per year, and gross margin increased by 3 percentage points to 51%.

The income increased slightly from 1.2% to HK $2 billion 548 million. With the gradual completion of store integration, shop productivity has regained upward momentum. The same store sales recorded a year-on-year growth of 9%, compared with the same period last year. The retail business in Hongkong, which includes Macao stores, has increased by 12%, and has been growing for 5 consecutive years. The same store sales in mainland China also increased by 12% compared to the same period last year, down 4% last year.

As of the end of June, burglung international has 962 stores in 36 countries and regions worldwide, a net decrease of 55 over the same period last year, of which Hongkong has maintained 41, mainland China has reduced 80 to 220, Taiwan has reduced 13 to 72, and Singapore has 30.

The group said that its current financial position was steady, its cash was abundant, and the inventory cycle was also slightly lower than last year.

The annual performance was good, and the share price of burlung international Thursday surged 18.9% to 0.88 Hong Kong dollars in more than two years. When the deadline was not available, the stock market reported a HK $0.84 increase of 13.51%.

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