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August 27, 2009

Fiyta the first half of 2009 net profit fell 29.29%

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Fiyta 2009 mid-year report shows that the first half of the company in 2009 total operating income of 57,269.37 million, an increase of 10.44%; net profit of 2,716.71 million yuan, down 29.29%; basic earnings per share were 0.109 yuan.

Fiyta a (000026 shares bar, market, information, the main trading), Fiyta b (200026 shares bar, market, information, the main trading) August 19 released in 2009 mid-year report shows that first half of 2009 the company achieved total operating income of 57,269.37 million, an increase of 10.44%; operating profit of 3,238.79 million yuan, down 31.33%; a total profit of 3,452.05 million yuan, down 27.38 percent; attributable to shareholders of listed companies net profit of 2,716.71 million in yuan, down 29.29%; basic earnings per share were 0.109 yuan.

first half of 2009 macro-economic situation gradually improved, but the high-end consumer goods, especially luxury goods company’s market is still relatively weak consumer demand. The face of the continuing impact of the financial crisis, the company continues to brand strategy to guide the work, adhere to the concept of stable development, pay close attention to changes in the market and decisively to take measures to actively pursue the expansion of related business. Through the hard inner strength, deepen the management, reduce costs, save money, strengthen cooperation, with the specific work of living resources to promote implementation of the strategy.

the reporting period, Hengji Li watches, the total retail revenue of 44,938 million, more than 2008-year increase of 12.42%; to achieve a total profit of 2,337 million yuan, down 28.6%.

During the reporting period, the company operated at the same time steady, rapid expansion of the network, a total of seven new stores opening and ending Hengji Li watches sales network to reach 83 (excluding Hang Lianda 28 stores). The company continued to strengthen, deepen and international watch groups and brand communication and cooperation. The reporting period, many international brands of high-level watch groups and visit Hengji Li; The company also held a “Tasting luxury,” luxury car watches a series of brand names villa appreciation promotional activities with the various parties to deepen the relationship between the partners; At the same time achieving Omega, radar, Longines three brands replaced by Swatch Group, the direct supply, Hengji Li realized the direct cooperation with the Swatch Group.

during the reporting period, the company continues to actively promote and deepen the “three-tier marketing” theory, in a terminal ongoing refinement carried out continuous “on customer development” activities, focusing on developing and nurturing vip customers, supported by steady growth in sales.

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