Esprit Posts Surge In Full-Year Profit

Esprit Holdings Ltd ESPGY reported a strong rise in its full-year net profit. Esprit's net profit for the year surged to 873 million Hong Kong dollars (US$112.6 million), from HK$79 million, in the year-ago period. Its revenue declined 11% to HK$30.17 billion, versus HK$33.77 billion. Esprit recommended a final dividend of 15 HK cents per share. Esprit shares closed at $3.45 yesterday.