Report
Low Q1 sales lead to gross profit decline at Giordano
Giordano International first quarter gross margin increased by 2.5 percentage points to 57.7 percent but gross profit decreased by 6 percent to 754 million Hong Kong dollars (97.1 million dollars) due to lower sales. Group sales for the quarter decreased 10 percent year on year to 1,306 million Hong Kong dollars (168.2 million dollars). The...
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