Brief: Giordano International says quarterly sales were HK$1.24 bln, down 3%

Giordano International

11/11/2015 04:10

Nov 10 (Reuters) - Giordano International Ltd  0709.HK : 
 
 * Sales for the quarter ended September 30, 2015 were hk$1.24 billion, 3% lower than the same period last year 
 * Gross margin for the quarter grew by 0.1 percentage points to 58.0% 
 * As we improve merchandise for new brand, expect to reach breakeven profitability in Q4 2015 or Q1 of 2016" 
 * Says "by the end of 2015, we expect to have upgraded/opened 200 shops in the year" 
 * Gross profit for the quarter was hk$719 million, a decline of 3% over the same period last year 
 * Comparable store sales grew by 4% in the third quarter 
 
 * Source text for Eikon  ID:nHKS89ppTf  
 
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