Posted inINTERNATIONAL, NEWS, Others
Profits at Chinese watch group Hengdeli soar 47%
Chinese watch retail and wholesale group Hengdeli Holdings has reported that its profits soared 47% in 2011. Total sales were up 38.5% to ¥11.38 billion (£1.13bn) for the year to December 31, while retail sales soared 34.7% to ¥8.59 billion (£856m). During the year Hengdeli said that it focused on middle- to high-end brands in […]