HONG KONG — Esprit Holdings Limited reported higher profitsfor its most recent fiscal year, but saw shares drop by as much as 8.8percent Wednesday after it missed analysts’ forecasts.
Espritsaid net profit for the 12 months ended June 30 grew more than 11 timesto 873 million Hong Kong dollars, or $111.8 million, from theyear-earlier figure of 79 million Hong Kong dollars, or $10.1 million.Though higher, the net profit fell short of consensus analysts’ opinionforecast of 995.8 million Hong Kong dollars, or $128.4 million, to 1.01billion Hong Kong dollars, or $130.4 million.
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