World Footwear

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Belle’s profit up by 8.2%

Jun 4, 2015 China
Belle’s profit up by 8.2%
One of China's main shoemaker and retailer Belle International Holdings Ltd registered an increase of 8.2% in its annual profit. Revenue was up by 8.7%
Belle, which distributes sportswear for companies such as Nike, Adidas, PUMA and Converse, presented revenue of 40.0 billion yuan for fiscal 2014 (5.8 billion euros), up from 36.8 billion yuan (5.33 billion euros) in the previous year, an increase of 8.7%.

One of China's largest footwear retailer announced net profit totaling 4.76 billion yuan (690.1 million euros) for the 12 months ending in February, up from 4.4 billion yuan (637.7 million euros) in similar period last year.

The company reported 5.16 billion yuan (747.4 million euros) profit for the 14 months ended in February 2014 with revenue at 43.1 billion yuan (6.2 billion euros) - the company has changing the reporting period, and this is the first reporting under the new system.

Shoes and footwear represented 57.6% in total revenue, with sportswear and apparel generating the remainder revenue of the company.

The total number of directly managed retail outlets in mainland China was 20 557 at the end of February 2015, which includes 14 128 footwear outlets and 6 429 sportswear and apparel outlets. In addition, Belle operates 158 company-managed retail outlets in Hong Kong and Macau. During the year, Belle’ store network expansion was relatively cautious. For the full year there were 876 net additions to footwear stores, representing a net increase of 6.6% compared with 28 February 2014.

Belle International manufactures, distributes and retails shoes and footwear products and sells sportswear and other apparel, in mainland China, Hong Kong and Macau. It owns footwear brands Belle, Teenmix, Tata, Staccato, Senda, Basto, Joy & Peace, Millie’s, Skap, :15Mins, Jipi Japa and Mirabell. And it distributes Bata, Clarks, Hush Puppies, Mephisto, Merrell and Caterpillar, amongst others.

Shares of Belle International Holdings Ltd were last traded at 1.21 euros at Hong Kong Stock Exchange on the 3rd of June 2015.

Note - The company posts its financial results in Chinese Yuan Renmimbi (CNY). The official exchange rate of CNY / EUR (6.9026) as reported by the European Central Bank on the 3rd of May 2015 was used.

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