International fashion retailer PORTS Design's gross profit up 19.27%
10 Apr '06
3 min read
• Exchange loss of RMB10.2 million in 2005 is a reporting loss only, as the Company continues to hold proceeds from the IPO in US dollars, and continues to receive payment from BMW AG mainly in Euros
• Retail segment continued to increase in terms of importance to the group, contributing over 75.56 percent of the total Company turnover in 2005
• Investment of approximately RMB75 million during 2005 to increase production and distribution capacity by approximately 2x and 3x, respectively
• Increased international exposure via high-profile New York City showroom and strong international media coverage
• Sales at NYC showroom to buyers in Asia region will be attributed to Hong Kong listed company (Ports Design Limited)
In 2000, BMW grants Canadian company PORTS an exclusive license to use the BMW trademark and BMW logo to manufacture BMW Lifestyle apparel, and market and retail BMW lifestyle products in China. Products include ladies' and men's clothing, bicycles, and accessories.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
