Dickson Concepts (00113) said it reported a loss attributable to equity shareholders of HK$133 million for the six months ended 30 September 2014, as compared to the profit of HK$43.98 million for the same period in 2013.
Its basic and diluted loss per share was HK34.8 cents.
The turnover was HK$2,036 million, an increase of 5% from a year earlier. Comparable store sales, adjusted for discontinued and new stores, dropped 3%. As a result of a change in sales mix and in order to maximise sales in the face of the significant decline in the retail markets in which the Group operates, particularly in Hong Kong, China and Singapore, margins were lowered by 3.4 percentage points.
A non-cash impairment charge of HK$81.8 million was also made on the fixed assets of certain retail stores as a result of the declining retail climate.
No interim dividend will be distributed.
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