BRIEF: Shenzhou Int’l profit jumps as revenue grows 15%

Textile manufacturer Shenzhou International Group Holdings Ltd. (2313.HK) on Monday announced its sales rose 14.8% to 28.7 billion yuan ($3.95 billion) last year, while its net profit climbed 36.9% to 6.24 billion yuan. The company declared a final dividend of HK$1.28 per share.

The company’s sportswear sales grew 9.8% year-over-year, fueled by rising demand from China and the U.S. Sales for its casualwear segment rose 27.1%, driven by stronger appetite from Japan and other markets. Lingerie products also posted 34.6% annual growth.

Shares of Shenzhou International opened up 5% at HK$58.05 on Tuesday. The stock has fallen more than 30% over the past year.

By Lau Chi Hang

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