Fashion retailer YGM Trading has reported a 3.2 per cent rise in attributable profit to HK$59.33 million for the six months to September, despite provisions on debts owed by the bankrupt Yaohan department store.
Women's wear chain Michel Rene, a YGMT unit, saw good growth in turnover and profit, but was affected by Yaohan's demise, although no figures were given.
YGMT's Taiwan-based men's and children's wear chain Hang Ten's earnings took a knock from the depreciation in the New Taiwan dollar but profits still rose by a healthy 26 per cent to NT$209 million (about HK$48.07 million).
Sales and profits of the Hang Ten chain in the Philippines were also hit by currency turmoil, the firm said.
YGMT's interim dividend remained unchanged at 11 cents.
Meanwhile, sister company Yangtzekiang Garment MFG said net profit surged more than eight-fold to HK$1.65 million.
