By  on October 25, 2013

HONG KONG Fashion retailer I.T. Limited saw its first-half profit plunge on weaker sales and higher operating costs.

I.T said that net profit for the six months ended Aug. 31 dropped by nearly 77 percent to 28.1 million Hong Kong dollars, or $3.6 million at current exchange rates. The Hong Kong dollar is pegged to the U.S. dollar.

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