Esprit Holdings H1 Profit Drops

Esprit Holdings Ltd. ESPGY reported a drop in its net profit for the six months ended December 2014. Esprit's net profit for the period shrank to 47 million Hong Kong dollars (US$6.1 million), versus a year-ago profit of HK$95 million. Its revenue fell 13.2% to HK$10.72 billion. The company's board also proposed an interim dividend of HK$0.015 per share, compared to HK$0.03 per share in the prior year. Esprit shares rose 0.90% to close at $2.24 yesterday.