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News Flash
Dickson Concepts Q2 FY21 sales fall to HK$ 981 mn
30 Dec '20
1 min read
Pic: Dickson Concepts/ Harvey Nichols
Dickson Concepts (International) Limited, a Hong Kong based luxury goods company, has reported 42.7 per cent sales decline to HK$ 981.1 million (Hong Kong dollar) in its second quarter (Q2) FY21 ended on September 30, 2020 compared to HK$ 1,712.9 million in same period prior year. However, profit for Q2 rose to HK$ 133.4 million (Q3 FY20: HK$ 119.0 million).
Gross profit for the quarter slipped to HK$ 379.8 million (HK$ 756.4 million). Operating profit was down to HK$ 151.1 million (HK$ 189.7 million).
Geographically, sales in Hong Kong fell to HK$ 737.6 million (HK$ 1.4 billion). Whereas, Taiwan sales dropped to HK$ 243.3 million (HK$ 309.3 million).
In China, the group successfully restructured its organisation and expanded both its retail and digital presence, while growing like-for-like sales of its retail stores significantly.
Fibre2Fashion News Desk (JL)
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