Esprit Holdings reports financial results ending June 2005
14 Sep '05
1 min read
Retailer and distributor of lifestyle products Espirit Holding Limited announced that Financial Year 2004/2005 was another record-breaking year for the Group.
The Group continued fostering business growth, while delivering solid results and setting new record turnover, earnings and margins.
Group turnover grew 26.1% to over HK$20.63 billion and net profit rose 66.6% to HK$3.34 billion this financial year. Operating and net profit margins expanded 2.8% points and 4.0% points to 20.4% and 16.2% respectively, return on shareholders' equity reached 53.6%, which was a record high in the Group's history.
Headquartered in Hong Kong, Esprit Holdings Limited is engaged in the sourcing, retail and wholesale distribution and licensing of quality and lifestyle products designed under the globally recognized ESPRIT brand name.