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BRIEF-Giordano International says FY net profit rose 2%
March 9, 2017 / 8:50 AM / 9 months ago

BRIEF-Giordano International says FY net profit rose 2%

March 9 (Reuters) - Giordano International Ltd:

* FY consolidated sales in 2016 were HK$5,145 million a decrease of 4%

* FY profit attributable to shareholders of company increased by 2% year-on-year to HK$434 million

* Board of directors has recommended payment of a final dividend of 15.0 HK cents per share

* Management’s outlook on Mainland China continues to be cautiously optimistic

* “Our Hong Kong operations and management teams will strive to maintain momentum in rental savings”

* “Regional economic environments are not conducive to overall sales increases in medium term” Source text for Eikon: Further company coverage:

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