Giordano Announces First Half Performance: Net Profit of HK$352 Million

Giordano International announced its first-half results today, and achieved sales of HK$2.698 billion in the first half of the year, compared with HK$2.649 billion in the same period of last year; net profit attributable to shareholders for the first half of the year was HK$352 million, compared with HK$346 million in the same period of last year, a slight increase of 2% year-on-year; Earning 23 Hong Kong cents.
Giordano International announced its first-half results today, and achieved sales of HK$2.698 billion in the first half of the year, compared with HK$2.649 billion in the same period of last year; net profit attributable to shareholders for the first half of the year was HK$352 million, compared with HK$346 million in the same period of last year, a slight increase of 2% year-on-year; Earning 23 Hong Kong cents.

In the first half of 2012, due to the continuous decline in consumer demand, the situation of competitors offering discounts has increased. The relatively high cost of the product, together with the strict control of the price, combined with a limited discount, resulted in a gross margin of 58.0%, a decrease of 1.7% from the same period of last year.

Compared with the same period of last year, sales in Mainland China decreased by 4% while sales in Hong Kong and Taiwan increased by 3%. Sales in markets in other parts of Asia Pacific (mainly Singapore, Malaysia, Indonesia and Thailand) increased by 4% over the same period of last year.

This pouf is made of tibet sheep fur.The front material is the use of sheepskin and the bottom of the material is the use of micro suede. Color can be customized not only according to the customer's sample, but also according to Pantone's color.
There are a variety of sizes to choose from.

 40*40*40cm         45*45*40cm



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