Fashion retailer Veeko International Holdings Ltd has posted a 4.3 per cent year-on-year decrease in first half profit.

For the six months to September 30, the company recorded net earnings of HK$12.34 million, down from HK$12.89m in the same period a year ago.

It also reported turnover of HK$175.38m, compared to HK$195.57m in the first half of 2002.