Numbers Drop At Elegance

Elegance International's sales dipped by 14.6 percent to HK$327.7 million (€34.0m-$42.0m), and net profit fell by 66.0 percent to HK$19.0 million (€2.0m-$2.4m) for the year ended March 31. The group cited SARS, the invasion of Iraq, the depreciation of the US dollar, increases in costs of raw materials and rising ...

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