An improved retail market and lower financing costs helped Crocodile Garments return to profit for the year to July. Net profit came to $47.89 million, compared with $58.76 million in the previous financial year. Profits from operations were $45.41 million, against a previous loss of $57.01 million. Finance costs fell 27 per cent to $876 million from $1.15 billion. No dividend was declared. Parent Lai Sun Garment International announced a net profit of $123.57 million for the year, thanks to improved contributions from its subsidiaries. It posted a net loss of $85.11 million for the previous year. No dividend payment was declared.