Giordano International (HKG:0709) expects a profit of between around HK$110 million and HK$130 million for the six months ended June 30, down significantly from the year-ago period, a Thursday bourse filing said.
The apparel retailer attributed the decline in profit mainly to certain one-off expenses, a reduced share of profits from the South Korean joint venture, negative comparable store sales in Mainland China, and weaker business in Hong Kong among other factors.
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