I.T Limited (00999) said its profit attributable to equity holders for the year ended 29 February 2016 dropped 33.1% year-on-year to HK$209 million.
Basic and diluted earnings per share were HK17 cents and HK16.7 cents.
The turnover was HK$7,541 million, an increase of 5% from a year earlier.
Total retail sales in Hong Kong dropped 3.3% to HK$3,459.5 million. Comparable store sales growth rate in Hong Kong registered at -2% (FY14/15: 0.7%).
Gross profit of the Group rose 2.3% to HK$4,566.3 million. The gross margin declined by 1.6 percentage points to 60.6%. Economic uncertainties across I.T's operating regions have significantly dampened consumer sentiment during the financial year; as a result, fashion retail markets have been promotionally driven, causing downward pressure on retailers' margins.
The proposed final dividend is HK8.4 cents (2015: HK11 cents) per share, payable on or around 31 August 2016.
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