HONG KONG Aug 21 China's top footwear retailer,
Belle International Holdings Ltd, said on Tuesday its
first half net profit rose 11.7 percent from a year ago,
matching forecasts, on a strong pickup in same-store sales and
an expanding store network.
Belle, which distributes brands including Nike,
Adidas, Kappa, PUMA, Converse and Mizuno, said it had
net profit of 2.24 billion yuan ($352.2 million) for the
January-June period, compared with 2 billion yuan in the same
period in 2011.
That compared with an average forecast of 2.2 billion yuan
by five analysts polled by Reuters.
Revenue increased to 16.02 billion yuan during the period
from 13.9 billion yuan a year ago.
Shares of Belle have risen nearly 10 percent so far this
year, outperforming a 9 percent gain in the benchmark Hang Seng
($1 = 6.3594 Chinese yuan)
(Reporting by Donny Kwok and Rachel Lee; Editing by Ken Wills
and Jason Subler)