Giordano: The Depreciation Of RMB Not Only Has No Influence On Business, But Also Benefits.

Giordano's profit in the first half of this year was 208 million yuan, an increase of 20% compared with the same period last year, reflecting the closing of deficit stores in key markets and the growth of same store sales.

The basic earnings per share is 13.2 cents, with an interim dividend of 12.5 cents.

The date of payment is September 25th, and the deadline for pfer is September 11th.

During the period, the net sales of the company amounted to 2 billion 736 million yuan, an annual increase of 2%. If it was fixed exchange rate, it increased by 5%.

Global brand sales increased 2%, same store

It increased by 6%.

I.T recorded a loss of 60 million yuan in exchange for the discarded renminbi, while another Hongkong fashion brand Giordano said that the depreciation of the renminbi would be more beneficial to its business.

Chairman Liu Guoquan pointed out that the company had about 1 billion yuan in cash, of which RMB accounted for 40%, but it was used for labor and operation purposes.

Liu Guoquan added that the cost of the company is more than RMB, but the goods will be sold in other Southeast Asian markets. Therefore, the depreciation of the renminbi will not only have no impact on the business, but will be beneficial.

Revealed that, as of the third quarter of August 10th, the company as a whole

It slowed down to 3%, with the mainland slowing from 10% in the second quarter to 6%, but in Hongkong it rose from 4% in the second quarter to 12%.

He has confidence in the second half of the business and believes that it can maintain the momentum of growth in the first half of the year.

Asked whether there was any downward trend in the rent in Hong Kong, he said that the rent has dropped in the past year, but I believe that the rent will be significantly reduced until the United States starts to raise interest rates in the fourth quarter.

Earlier, the company withdrew from the golden section of Tongluowan and other passengers. He pointed out that the company did not need to set up a flagship store in Hong Kong. It means that the rent of the lot should drop by more than one-third from the current level before considering the re entry into the lot.

He continued that the company had closed some of the high rental and loss shops in Hong Kong, and there was no further closure plan.