Dickson Concepts profit rises to HK$133.4m

Business | 26 Nov 2020 9:18 pm

Luxury goods retailer Dickson Concepts International (0113) said net profit for the six months ended September increased by 12.13 percent to HK$133.45 million.

An interim dividend of 8 HK cents was declared.

Basic earnings per share were 33.9 HK cents.

Turnover dropped by 42.7 percent to HK$981.1 million from a year ago. Turnover in Hong Kong slumped by 47.4 percent and retail operations incurred substantial negative cash flows.

The decline was offset by a substantial increase in profit contribution from the investment portfolio, a doubling of profit in Taiwan, profit contribution from China and tight control in operating costs, the company said.



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