By  on September 26, 2012

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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus