glorious sun on the rise
Article Abstract:
Hong Kong's Glorious Sun Enterprises' profit margin was up 10.88% compared with last financial yaer's 9.55%. The company plans to open 20 more retail stores in the coming months, boosting the total 680 outlets. The investment cost of each store is HK$1 mn. For China business, it plans to open 1,000 stores in 100 cities. The company said the good performance was due to its vertical intergration operation and the set up of stores in less competitive regions. *
Comment:
Incurs profit margin of up to 10.88% in 1998 vs last financial yaer's 9.55%
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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Wah Tak Fung dives into red
Article Abstract:
Property and investment company Wah Tak Fung Holdings posted a net loss of HK$256.69 mn for the year ended 31 March 1998. Turnover increased by 42.92% to HK$167.88 mn. The group's exceptional losses totalled HK$225.45 mn for the period. The group, which has increased its exposure in residential market, suffered as property prices dropped by over 40% since the fourth quarter of 1997. *
Comment:
Posts net loss of HK$256.69 mil for the year ended 3/31/98
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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