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| (04/24/2001) | HONG KONG: Crocodile Garments H1 To Jan Net Profit 10.693 Mln HKD (香港) |
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Crocodile Garments Ltd six months to January results: Net profit - 10.693 mln hkd vs loss 13.81 mln Sales - 358.455 mln hkd vs 389.721 mln Opg profit - 14.268 mln hkd vs loss 10.896 mln EPS - 1.73 cents vs loss 2.24 Interim div- nil, unchanged In a statement, the company said it plans to continue to close down shops in its Hong Kong operations which are loss making and with expiring leases, and reallocating resources to shops in busy locations. For its mainland operations, it plans to reinforce its menswear line which has a stable market, and promote the ladies' line. It will deploy additional designers to women's fashion. In addition, it plans to strengthen management control of the mainland operations and increase the staff of its operations office to ten. (C)Copyright 2001 AFX News Limited |
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