Bossini International (00592) said it reported a loss attributable to owners of HK$11.82 million for the six months ended 31 December 2017, as compared to the profit of HK$16.904 million for the same period in 2016.
Basic and diluted loss per share was HK0.72 cent.
Revenue amounted to HK$974 million, a decrease of 4.7% from a year earlier.
The decrease in profit attributable to owners was mainly due to the decrease in the profit derived from the retail and export franchising business in Hong Kong and Macau segment, which was a result of the continuously weak and competitive apparel retailing environment and foreign exchange fluctuation. The Group saw 2% decline in same-store sales for the period under review. However, the same-store sales showed a rebound with positive growth in the second quarter of the financial year 2017/18. Gross margin improved by 2 percentage points to 53% due to effective sales and marketing strategies.
The Bossini Board has declared an interim dividend of HK1.22 cents (2016: a special interim dividend of HK1.22 cents) per ordinary share, payable on or before 4 April.
21/02/2018 16:36
Bossini Int'l 1H net turns red to HK$11.82m; div HK1.22 cts
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