by winston » Tue Jun 02, 2015 6:16 am
not vested
Sweet times for retailer
L'Occitane International (0973) earned a net profit of 125.6 million euros (HK$1.06 billion) for the year ended March 31, up 35.7 percent from the previous fiscal year.
Basic earnings per SHARE jumped 37 percent to 8.3 euro cents. The producer of cosmetics and well-being products proposed a final dividend of 2.91 euro cents per share and a special dividend per share of 3.4 euro cents.
Net sales rose 11.7 percent to 1.178 billion euros as it enjoyed a 10.3 percent sales growth at constant EXCHANGE RATES. Overall same-store sales growth advanced 5.7 percent, from a 3.7 percent increase last year.
The company's sales in China, Japan, Hong Kong and the US were the main factors that drove net sales growth in the fiscal year.
But in Russia, sales slid 14.6 percent due to a slowing economy, sanctions and the ruble's sharp depreciation.
Net CASH inflows soared by 72.1 percent to 206.1 million euros. Its positive results were due to brand positioning, pricing, online activities and favorable exchange rates.
Thomas Levilion, executive director and group deputy general manager for finance and administration, said the firm plans to open 80 to 100 stores this year.
Capital expenditure this year is about 55 million to 60 million euros, slightly lower than last year's level.
Gross profit margin may benefit from the depreciation of the euro as it edged up by 0.7 points to 81.8 percent, he said.
Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"