Brief: Giordano International says qtrly group sales recorded decrease of 10%, year on year, to hk$1.31 bln

Giordano International

04/05/2016 05:04

May 4 (Reuters) - Giordano International Ltd  0709.HK : 
 * Compared with the same quarter last year, gross margin increased by 2.5 percentage points to 57.7% for quarter 
 * Says group sales for the quarter recorded a decrease of 10%, year on year, to hk$1.31 billion 
 * Qtrly comparable store gross profit was up by 1%, despite a decrease of 2% in comparable store sales 
 * Management expects that the group's overall gross margin to maintain or slightly increase in the rest of the year 
 * Says management's outlook on mainland China is optimistic 
 * Source text (http://bit.ly/1rlAozd) 
 
 
 
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