THE sluggish retail sector has resulted in a 24 per cent dip in Theme International Holdings' attributable profit to $44.8 million for the year to March 31. Earnings per share decreased from 20.5 cents to 12.4 cents during the year and the directors declared a final dividend of three cents per share. Turnover for the year rose 39 per cent to $638.1 million, up from $459.5 million the previous year. Operating profit increased slightly from $52.5 million to $52.6 million. Chairman Lai Ngan-long said growth had been achieved by expanding operations in the company's existing overseas markets and venturing into new markets. The profit margins of stores in Hong Kong were under review and those with the lowest margins may be closed to allow for better use of resources. He said the company hoped to open stores in France and had plans to establish more than 40 outlets in Taiwan by the end of the next financial year.