Esprit Holdings Ltd (0330.HK)
20 Oct 2016
Latest Key Developments (Source: Significant Developments)
Esprit Holdings Ltd <0330.HK>: Board has not recommended distribution of a final dividend . Controlled space in retail is expected to decline by high-single-digit percentage . FY16/17 capex is expected to be similar to that of fy15/16 . Plan to bring our expenditure in marketing and advertising at a lower level in FY16/17 . Fy turnover HK$17.79 billion versus HK$19.42 billion a year ago . Net profit of HK$21 million for FY15/16, after a net loss of HK$3.70 billion last year . Short-Term outlook for FY16/17 is based on immediate priorities presented in this letter. . Gross profit margin should remain stable level or achieve a modest increase .Will continue to moderately invest in retail stores refurbishment, omnichannel initiatives. Full Article
Esprit Holdings Ltd <0330.HK>: Profit estimate <0330.HK> . Says company's management currently expects the group to record a break even in terms of net income for FY15/16 . Expected results due to result of group's underlying operations better than lbit of HK$736.8 million expected by market consensus . Staff reduction plans to reduce overhead costs triggered one -off restructuring costs estimated to be HK$380 million-HK$400 million in FY15/16 . Full Article
Esprit Holdings Ltd:Declared interim dividend of HK$0.015 per share (H1 FY13/14: HK$0.03 per share) for six months ended Dec. 31, 2014, to shareholders of the company whose names appear on registers of members of the company on March 12.Shareholders will be provided with an option to receive interim dividend wholly or partly in form of new fully paid shares of the company in lieu of cash (scrip dividend reinvestment scheme).Dividend warrants and shares certificates for new shares will be despatched to shareholders by ordinary mail at their own risk on or around April 28. Full Article
HONG KONG Esprit Holdings Ltd reported a profitable full-year performance on Tuesday, helped by exceptional gains from the sale of its Hong Kong office, a write-back in tax provisions and reduced operating costs.