HONG KONG: Giordano Reports HK$108m H1 Net Profit Rise
Clothing retailer Giordano International Ltd recorded net profit of HK$171 million for the first half of 2004, an increase from HK$63m in 2003.
Revenue in the six months rose $1.86m from $1.53.
Giordano, one of Asia's largest casual clothing chains, said in a statement that all its markets had recovered from the damaging effects of 2003's SARS virus.
Chairman Peter Lau said: "…looking ahead, we are cautiously optimistic about the rest of the year for our greater China businesses, because of rising rents in Hong Kong."
Giordano has 1,450 outlets in Hong Kong, China, Taiwan, Singapore, South Korea, Australia, Japan and the Middle East.
Sales in Hong Kong, China and Taiwan make up 66 per cent of the company's revenue.
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