HONG KONG: Esprit Profits Up 61 Per Cent, Plans US Growth
Leading fashion chain Esprit Holdings on Wednesday posted a 61 per cent leap in full-year net profit and announced nearly 300 North American retailers had agreed to sell its apparel from 2003. The company posted a profit of HK$927.21 million (US$119m) for the 12 months to June 30, with turnover up 14 per cent at HK$9.22 billion and finance costs down 64 per cent to HK$13.9m from HK$38.3m in 2001.
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