Belle International Full-Year Net Profit Down 18% at CNY2.40 Billion

By Chester Yung Features Dow Jones Newswires

Belle International Holdings Ltd. (1880.HK) late Monday reported a 18% drop for its full-year net profit, which was partly dragged down by higher general and administrative expenses.

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The Hong Kong-listed retailer said its net profit for the year ended February 28 fell to 2.40 billion yuan (US$348 million) from CNY2.93 billion a year earlier, while its full-year revenue rose slightly to CNY41.71 billion from CNY40.79 billion a year earlier.

The company proposed a final dividend of CNY 6 cents per share.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

May 15, 2017 20:27 ET (00:27 GMT)