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January 14, 2002

HONG KONG: High Fashion Nets 23.9 Per Cent Loss

Losses sustained by its retail business, coupled with development expenses associated its web business, pushed down full year net profits at garment manufacturer and trader High Fashion International Ltd. The company today said its net profit for financial year 2000/01 fell 23.9 per cent to HK$101.88 million (US$13 million) from HK$133.88 million the previous year.

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