Tse Sui Luen year net down 1.9% to HK$23.18m; div HK3.75 cts

    Tse Sui Luen Jewellery (00417) said its profit attributable to owners for the year ended 28 February 2017 dropped 1.9% year-on-year to HK$23.18 million.
  This resulting little drop is solely attributable to a one-off gain arising from the company's early redemption of the convertible bonds. 
  Basic and diluted earnings per share were HK11 cents.
  Turnover amounted to HK$3,411 million, a decrease of 3.6% from a year earlier. During the year, the sales turnover of Hong Kong and Macau decreased by 24.6% overall and same store sales growth was minus 23%.
  The proposed final dividend is HK3.75 cents (2016: HK2.6 cents) per share, payable on or about 1 September 2017. The Board recommends issuing bonus shares on the basis of one bonus share for every six existing shares held. Dealings in the bonus shares are expected to commence on 7 August 2017.
  Tse Sui Luen also said its financial year end date has been changed from 28 February (or 29 February in a leap year) to 31 March commencing from the financial year of 2017/18. Accordingly, the next financial year end date will be 31 March 2018 and the next published audited financial statements will cover a 13-month period from 1 March 2017 to 31 March 2018.