Cabbeen Fashion (02030) said its profit attributable to equity holders for the year ended 31 December 2016 dropped 36.8% year-on-year to Rmb182 million.
Basic and diluted earnings were Rmb25.54 cents and Rmb25.46 cents.
The revenue was Rmb1,161 million, a decrease of 14.4% from a year earlier.
Gross profit dropped 11.3% year-on-year to Rmb556 million. Gross profit margin was 47.9%, an increase of 1.7 percentage points from a year earlier, which was because the percentage contribution of consignment and retail revenue increased, given the price of products sold on consignment and retail basis was higher than that on wholesale basis. This was partly offset by an increase in retail sales discounts and provision for sales rebates.
The proposed final dividend is HK5 cents (2015: HK9 cents) per share, payable on or around 19 April 2017.
20/02/2017 12:14
Cabbeen (02030) year net down 36.8% to Rmb182m; div HK5 cts
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