Esprit Fiscal 1st-Quarter Revenue Down 9.1%
28 Outubro 2010 - 8:35AM
Dow Jones News
Esprit Holdings Ltd. (0330.HK) reported Thursday a 9.1% drop in
revenue for the three months ended Sept. 30 as its wholesale
business continued to struggle.
The company said in a statement its unaudited revenue in the
first quarter of its financial year ending June 30 was HK$8.51
billion, down from HK$9.37 billion a year earlier.
Revenue from the company's wholesale business dropped 20% to
HK$4.16 billion and accounted for 49% of total revenue, down from
55% in the year-earlier period.
The firm's retail business accounted for 51% of total revenue,
up from 44% a year earlier. The retail business' revenue rose 4.4%
to HK$4.30 billion from HK$4.11 billion.
In terms of revenue contributions by region, Europe's share fell
to 81% from 86% a year earlier, while Asia-Pacific's share rose to
16% from 11%. North America and other regions continued to
contribute 3%.
The company has said China could eventually replace Europe as
its biggest market.
Esprit competes with Hennes & Mauritz AB and Inditex SA in
the global apparel retail market.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com
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