Belle International Holdings earnings increase

Belle profit rose 37% in the first half

In brief: Belle International Holdings continues to increase sales. Company's profit rises to record heights in the current year.

China’s largest retailer of women’s shoes Belle International Holdings has published data on the growth of profit in the first half by 37%. It is reported that net profit rose to 1.56 billion yuan ($ 229 million) or 0.18 yuan per share, compared with 1.14 billion yuan or 0.13 yuan per share for the same period a year earlier.

However analysts expected a profit of 1.47 billion yuan. Company’s sales increased by 20% and close to 11.2 billion yuan. In addition, analysts say that Belle intends to pay interim dividend of 0.05 yuan per share, compared with 0,035 yuan per share, a year earlier. In the same time, China’s largest producer of herbal shampoos BaWang International (Group) Holding shares have fallen in Hong Kong after it was reported in the media, that some of the company’s products may contain substances that cause cancer. In this regard, the company’s sales may decline.

Dmitriy Srebnev
2010-08-24 10:28, Economics.

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