[ET Net News Agency, 6 November 2017] Esprit Holdings (00330) said Group revenue
amounted to HK$4,008 million for the first quarter ended 30 September 2017, a decline of
7.4% year-on-year in local currency term and 2.5% in HK dollars, in line with the
corresponding reduction in total controlled space of -7.7% year-on-year.
In the rest of the financial year FY17/18, Esprit will continue its downsizing effort
with the view to accelerate closure of loss making retail stores, while maintaining its
focus on improving profitability levers. As previously guided, for the full financial year
FY17/18, Esprit expects improvement in gross profit margin and operating expenses to
outweigh the negative impact of revenue decline to produce an improvement in EBIT
(excluding exceptional items) as experienced in FY16/17. (HL)
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00330 ESPRIT HOLDINGS
Nominal 
0.220 -0.017 (-7.173%) Others
06/11/2017 17:17
Esprit (00330) 1Q revenue down 7.5% in local currency term
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