Lukfook Announces Annual Results For the Year Ended 31st March 2010/7/21 Revenue Amounted to HK$5,386,432,000 Profit Attributable to Shareholders Grew by 93% to HK$531,632,000 Proposed Final Dividend of HK28 cents per share


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(21 July 2010) --- Luk Fook Holdings (International) Limited (“Luk Fook” / “The Group”) (SEHK Code: 0590.HK) today announces its annual results for the year ended 31 March 2010. During the year under review, the Group’s revenue was approximately HK$5,386,432,000, which represented a 36% growth as compared to HK$3,959,227,000 in the previous year. Profit attributable to shareholders grew by 93% to approximately HK$531,632,000 from HK$275,160,000 of last year. Basic earnings per share were HK 107.9 cents (2009: HK 55.9 cents). The Group’s revenue from retail business and wholesale business jumped 33% to HK$4,090,804,000 and 50% to HK$1,122,098,000 respectively.

The Board recommends a final dividend of HK28 cents per share (2009:  to the interim dividend of HK15 cents per share already paid, the dividend for the full year amounted to HK43 cents per share (2009: HK17 cents per share).

Mr. Wong Wai Sheung, Chief Executive of the Group, said, “The overall performance in the financial year 2009/10 was encouraging. It demonstrated that we could deliver solid sales and earnings gains in even challenging economic cycles. With strong economic growth in the PRC, the purchasing power of PRC customers is increasingly high, and their demand for luxury goods increases substantially as well. Revenue from the PRC market recorded a growth of 55% from HK$551,454,000 to HK$855,496,000. The Group foresees great potential in the PRC market and is determined to further increase its market-share in the PRC.”

As at 31 March 2010, the Group operated a total of 557 retail stores (2009: 457 stores) with 519 (2009: 419) in the PRC, 31 (2009: 30) in Hong Kong, four (2009: 4) in Macau, one (2009: 2) in the United States and two (2009: 2) in Canada. For the year ended 31 March 2010, total revenue from retail business amounted to HK$4,090,804,000 (2009: HK$% from the same period of last year.

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Regarding the business in the PRC, the Group established 83 licensee shops during the year, accumulating its total v 22 65 baclofen 10mg tab , baclofen prices |: 400 shops). Apart from expanding the Group’s brand stores network, the Group extended self-operated stores as well. As at 31 March 2010, the Group had 36 self-operated stores in The PRC (2009: 19 shops), of which 17 are newly established. During the year under review, revenue from the PRC market accounted for 16% of the Group’s total revenue, amounting to HK$855,496,000, representing a 55% increase as compared to the previous year.

: HK$268,411,000), representing a 88% increase as compared to the previous year. The Group also opened its fifth retail outlet in Macau on April 2010.

Mr. Wong Wai Sheung, Chief Executive of Luk Fook said, “Looking ahead, our Group shall continue to concentrate its effort on developing the PRC market. Apart from opening more retail stores in the first-tier cities, we would also actively look for the opportunities to open self-operated shops in second and third tier cities so as to enlarge the sales network. In addition, the Group would keep establishing licensee shops so that Luk Fook’s brand image can be enhanced among PRC consumers. The Group will also strive to establish its presence in overseas markets when opportunities arise. ”

In line with the corporate motto of “Brand of Hong Kong, Sparkling the World” and to further strengthen Luk Fook’s corporate brand image, the Group actively participated in a wide spectrum of marketing activities and publicity campaigns which include a series of sponsorship and advertisement. It sponsored Jewellery pieces in several key dramas and beauty contests in the PRC, Hong Kong as well as overseas and advertised on the main TV channels in Hong Kong and the PRC. During the year, the Group continued to sponsor beauty contests such as “Miss Hong Kong Pageant” for the 12th consecutive year.