Hongkong Leisure Clothing Retailer Bossini Fort Lion Dragon Store

Hongkong's casual wear retailer Bossini International Holdings Ltd. burrow International Group (0592.HK) announced its closing results for the 2014 fiscal year ended June.

Net profit for the whole year amounted to HK $127 million, an increase of 4.7 times compared with HK $22 million 209 thousand in fiscal year 2013, and HK $0.0778 per diluted share.

Operating profit increased from HK $46 million 132 thousand last year to HK $155 million.

Gross profit increased by 8.5% to HK $1 billion 301 million per year, and gross margin increased by 3 percentage points to 51%.

A slight increase of 1.2% to HK $2 billion 548 million compared to the same period last year.

With the gradual completion of store integration, shop productivity has regained upward momentum. The same store sales recorded a year-on-year growth of 9%, compared with the same period last year. The retail business in Hongkong, which includes Macao stores, has increased by 12%, and has been growing for 5 consecutive years. The same store sales in mainland China also increased by 12% compared to the same period last year, down 4% last year.

As of the end of June, 0592.HK has 962 stores in 36 countries and regions worldwide, a net decrease of 55 over the same period last year, of which Hongkong has remained at 41, mainland China has reduced 80 to 220, Taiwan has reduced 13 to 72, and Singapore has 30.

The company said that its current financial position was steady, its cash was abundant, and its inventory cycle was also slightly lower than that of last year.

The annual performance of 0592.HK, on Thursday, surged 18.9% to 0.88 Hong Kong dollars in more than two years.