DICKSON Concepts (International), a retailer and wholesaler of luxury foreign brands, saw its interim profit rise by two per cent despite a 9.4 per cent jump in turnover. Profit attributable to shareholders rose from $143.56 million to $146.5 million for the interim reporting period ending September 30. Earnings per share were up 2.3 per cents to 21.4 cents and a dividend of 10 cents was declared. The company disclosed $32.47 million, representing the premium and brokerage expenses on the repurchase of shares, with a nominal value of $586,800. Despite difficult trading conditions in the region group operations hit earnings targets, said the company. China operations, however, incurred start-up losses and a reorganisation of the mainland enterprise is planned. To qualify for the dividend shareholders must be on the register by January 10. According to the Estimate Directory consensus, the group is expected to see a dip in profit on the full year ending March 31, 1995, of two per cent to $359 million. Similarly the earnings per share is due to slip by a similar margin to 52 cents, placing the stock on a prospective price earnings ratio of 10 times. Group turnover lifted from $1.32 billion to $1.44 billion. Core operating profit was up 8.4 per cent, keeping the operating margin at around 12.6 per cent. In the previous period there was an exceptional of $8.37 million, boosting corporate profit. In Hong Kong a franchise deal was formed with Spanish name designer Adolfo Dominguez to launch the brand in the region. The Ralph Lauren Collection group is also being expanded in the region. In Europe, ST Dupont saw economic conditions show signs of an upturn, but recovery was slower than expected. At Harvey Nichols in Britain, the Knightsbridge store is performing satisfactory. There are plans to increase the performance of Knightsbridge and diversify the group geographically in the Britain. In China, a retailing and wholesaling network was formed which includes Beijing, Shanghai, Guangzhou and Shenzhen. 'Due to development costs and central overheads, the China trade division incurred a loss during the period,' said the company. The group also hopes to do well from a franchise deal with Warner Bros consumer products. Since July 1990 the stock under-performed on the Hang Seng index by 78 per cent, after losing 38 per cent of its value, in share price terms, most of which occurred in August 1990. This year the share has performed in line with the index, falling 36 per cent.