HONG KONG: Esprit Holdings H1 profit up 28.1%
Apparel firm Esprit Holdings reported a 28.1% jump in first-half net profit thanks to a good performance on the European market.
Interim net profit was HK$2.4bn (US$392m), the company said, while revenue grew 23.4% to HK$14.6bn.
In Europe, sales increased 25.3% to HK$12.5bn, contributing toward 85.8% of the firm's total sales for the first half.
The company also referred to the appreciation of the Euro over the Hong Kong dollar as a reason for its good results.
Esprit, which said it had seen strong same-store sales growth, added that it plans to quicken the expansion of its retail portfolio.
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