Surplus into the loss of 89.38 million not dividend

Source: Internet
Author: User
Keywords Dividend inventory cost Zhu Xianwen
"Newspaper" (reporter Chu Ting) multi-brand footwear retailer surplus into the group (1386) announced as at the end of March this year results, the period from surplus to loss, recorded losses of 89.384 million yuan, 14.4 cents per share eclipse, not to send the end. The causes of the losses include the rise in operating costs and inventory costs, and the fact that unlisted stock-linked instruments have recorded a fair value loss of financial assets of about $12 million.   A net profit of $94.674 million was recorded in the same period last year. It is proposed to increase the turnover of 12.2% to 1.0435 billion yuan during the period of 100 sales points in the mainland, with a gross margin of 567 million yuan and 3.11%. With the increase in the total sales point, the mainland's business receipts were about $732 million, representing a growth of 27.7% over last year, representing a 70.2% per cent turnover in the group. Hong Kong's business receipts fell 14.1.% to $298 million as a result of the weak overall consumer sentiment and the need to offer higher discounts to attract customers.   The average selling price of each pair of shoes also increased by 10 to $310. During the year, the group had a net increase of 116 proprietary shops and 34 concession outlets in the mainland, as well as the closure of 80 shops with limited development potential, the total mainland sales point being 662; To March 31, 09, the group has a total of 738 points of sale. Financial Controller Zhu Xianwen disclosed that the first half of last year, the mainland and Hong Kong and the same shop sales have a double-digit decline in the second half, began to recover in the year, the domestic sales of the same shop fell 6.6%, Hong Kong fell 0.7%.   By the end of March, the group's cash and cash equivalents were about $178 million. Zhu Xianwen added that the group's acquisition of the UK brand in October last year has a huge potential and will expand its outlets throughout the year, with confidence that it can keep growing. Cheovimin, chief executive, said the same-store sales remained stable in the first quarter of April-June, and will continue to expand into retail outlets in the mainland this year, and plans to create a total of 100 additional points of sale.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.