FJ Benjamin: Strong 2Q results with rev at $93.0m +17.8%yoy, +12.3%qoq. Net profit at $4.0m, +132.9%yoy, +25.3%qoq. Operating margins at 5.5% improved over 2Q10 at 1.3% and prev quarter 2.8%. Increases in rev came from North Asia, HK +59% and China +229% and South-East Asia +11%. Further plans include launching luxury brand Goyard in HK and Givenchy in Indo mkt...
RAOUL has yet to turn a profit but co intends to focus on establishing brand in HK before entering China’s mkt and increase exposure and distribution in both US and Europe. RAOUL will launch in Hendri Bendel stores in the US this month. Co is on track to exceed expected FY11 rev of $329.0m and is trading at current P/E of 17.2x vs hist avg of 21.2x
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment