YGM Of The Company Is Losing 87 Million 871 Thousand Hong Kong Dollars For The Whole Year.

British tradition

Aquascutum

The parent company YGM 0375.HK Trading Limited released its annual report on Thursday. In the 2016 fiscal year ended March 31, 2016, the Group recorded a net loss of HK $87 million 871 thousand, compared with HK $81 million 95 thousand in the same period last year.

YGM announced in May the surplus police, said group 2016 fiscal year is expected to turn from profit to loss.

In the 2016 fiscal year ended March 31, 2016, YGM recorded HK $894 million 200 thousand in revenue, down 18.7% from a year earlier.

Sales of the group's main garment business fell by 19.8% to HK $775 million 900 thousand, and the franchise business income fell 10.1% to HK $74 million 417 thousand.

YGM gross profit fell by 23.7% to HK $524 million 600 thousand during the period, while gross margins fell by 380 basis points to 58.7%.

In the 2016 fiscal year, the loss of YGM was mainly caused by the loss of garment business. During the period, the business deficit amounted to HK $92 million 798 thousand.

Aquascutum Britain's clothing retail and wholesale business recorded 12 million 222 thousand pounds, but mainly from wholesale business, although it increased by 23.8% over the same period, it still recorded losses, while sales in other regions, mainly in Greater China, plummeted by 24.7%.

In the 2016 fiscal year, YGM's Aquascutum, Ashworth, J.Lindeberg, Michel Rene, Guy Laroche, and so on were 33 to 238.

YGM intends to send a final dividend of 5 Hong Kong cents, plunging over 8.