Dickson Concepts (International) H1 sales up 3.6%

24 Dec '13

2 min read

Bermuda domiciled company, Dickson Concepts (International) Ltd, witnessed a modest rise in revenue in the first half of the current financial year 2013-14.

The Hong Kong listed company, which boasts of famous brands such as Harvey Nichols, reported a 3.6 per cent rise in consolidated sales at HK$ 1,939.3 million in the six months ended 30 September 2013 from HK$ 1,871.9 million in the same period a year ago.

Sales on a like-for-like basis or comparable store sales witnessed a rise of 9.5 per cent in the period.

Hong Kong remains the leading market for Dickson Concepts (International) Ltd, accounting for 62 per cent of revenue in the six months ended 30 September 2013, followed by Taiwan with 17 per cent share, China 10 per cent and rest of Asia 11 per cent.

The company opened 30 new stores in the current financial year thus far, with 17 of them in China and 5 in Hong Kong, 6 in Taiwan and 1 each in Singapore and Macau, taking the group’s total retail network to 295 stores.

Despite an uncertain global economic outlook, the company posted a rise of 6.3 per cent in profit attributable to equity shareholders at HK$ 43.9 million in H1 FY 2013-14 from the same period a year ago.

The stability in Chinese economic growth in recent months may bolster consumer demand for the company’s products.

A proven brand portfolio and robust retail network hold Dickson Concepts (International) Ltd in good stead, going forward and the company is poised to cash-in on economic recovery in the region.

Fibre2fashion News Desk - India