China Lilang profit slumps to 268.9m yuan

Chinese men's wear maker China Lilang (1234) said  net profit for the first half slumped by 30.8 percent to 268.9 million yuan due to the coronavirus pandemic in the mainland.

The company declared an interim dividend of 12 HK cents per share with a special interim dividend of 5 HK cents per share.

Revenue dropped by 29 percent year-on-year to 1.09 billion yuan. Earnings per share were 22.5 fen. Although retail stores had gradually resumed business since March, it would take some time for the foot traffic to recover, the company said.