Brief: Parkson Retail says FY total gross sales proceeds decreased by 6.9 pct to RMB18.10 bln

Parkson Retail

23/02/2016 04:07

Feb 23 (Reuters) - PARKSON Retail Group Ltd  3368.HK : 
 
 * FY total gross sales proceeds decreased by 6.9% to RMB18.10 billion 
 * FY "same store sales declined by 8.0%" 
 * Merchandise gross margin continued to be under pressure and had decreased by  0.7% to 16.8% in 2015. 
 * Says proposed final dividend of RMB0.01 per share 
 * Group incurred a loss from operations of RMB94.5 million for the year 
 * Expect ever increasing demand for good quality merchandise and lifestyle  products from consumers 
 * Group is conducting a complete review of the current store portfolio and  closed three underperforming stores in 2015. 
 * China remains one of the most promising global business opportunity 
 
* Source text for Eikon  ID:nHKS9KVpS5  
 
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