Esprit's net profit grows
Esprit Holdings Ltd announced final results for the year ended June 30, recording a turnover growth of 25.6 per cent while operating profit margins remained stable. "The global economy is undoubtedly facing tough macro environment. It is during this...
Esprit Holdings Ltd announced final results for the year ended June 30, recording a turnover growth of 25.6 per cent while operating profit margins remained stable.
"The global economy is undoubtedly facing tough macro environment. It is during this time, however, that a strong company like Esprit demonstrates how such a storm can be weathered," said Heinz Krogner, chairman and group CEO.
Group turnover growth was mainly driven by double-digit percentage turnover growth across key markets, product divisions and distribution channels.
This result was a combination of healthy organic growth, as indicated by retail comp-store growth of 6.9 per cent, and rapid space growth of 14.3 per cent in retail selling space and 18.5 per cent in controlled wholesale space.
"The global economy is undoubtedly facing tough macro environment. It is during this time, however, that a strong company like Esprit demonstrates how such a storm can be weathered," said Heinz Krogner, chairman and group CEO.
Group turnover growth was mainly driven by double-digit percentage turnover growth across key markets, product divisions and distribution channels.
This result was a combination of healthy organic growth, as indicated by retail comp-store growth of 6.9 per cent, and rapid space growth of 14.3 per cent in retail selling space and 18.5 per cent in controlled wholesale space.