HONG KONG: Bossini Posts H1 Profit Hike
Retail, wholesale and garment distributor Bossini International Holdings Ltd reported an increase in first-half net profit to HK$63 million from HK$3m in the same period last year.
Revenue in the six months ended 30 September increased 11 per cent to HK$879m.
Operating profit in China rose to HK$6m in the six-month period, from a loss of HK$16m in the same period last year.
Bossini said it will enter Indonesia and Nepal in the second half of this year by opening franchise stores. It will also look at markets in Eastern Europe and the Asia Pacific region.
In the first half of the year the company restructured its distribution network and improved inventory management.
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