Esprit plunges on profit warning

Source: 
scmp.com

Esprit Holdings, the biggest Hong Kong-listed fashion retailer, on Friday saw its shares fall more than 10 percent after warning of a "significant" loss in net profit caused by one-off restructuring costs.

The company said in a filing on Thursday night that the net profit for the year to June would "record a significant decrease due to the one-off restructuring costs". But the turnover for the year is expected to remain similar to the level recorded in the previous period.

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