Dickson Concepts (International) Limited, a Hong Kong based luxury goods company, has reported 26.7 per cent sales decline to HK$ 2.93 billion (Hong Kong dollar) in fiscal year 2020, that ended on March 31, 2020 compared to sales of HK$ 4.00 billion in previous year. However, profit for the year increased to HK$ 645.82 million (FY19: HK$ 411.34 million).
Gross profit during FY20 fell to HK$ 1.23 billion (HK$ 1.99 billion). Operating profit rose to HK$ 737.95 million ($463.86 million).
Sales of fashion and accessories segment for FY20 dropped to HK$ 619.6 million (HK$ 1.32 billion). Cosmetics and beauty products sales declined to HK$ 869.68 million (HK$ 1.33 billion). Although, sales of watches and jewellery were up to HK$ 1.43 billion (HK$ 1.34 billion).
Geographically, the sales in Hong Kong region were down to HK$ 2.39 billion (HK$3.18 billion). While sales in Taiwan region were HK$ 457.22 million (HK$ 627.71 million).
Source:Fibre2Fashion News Desk (JL)