Lifestyle International's sales jumped 9.8% to HK$6,137m

A strong rebound from its slump in 1H12.

Lifestyle International Holdings Limited has announced its unaudited interim results for the six months ended 30 June 2012. During the review period, the Group recorded a 10% increase in turnover to HK$2,646 million. 

Total sales proceeds increased 9.8% from HK$5,591 million to HK$6,137 million. Profit attributable to owners reached HK$910 million, up 12.7% compared to the same period last year. 

Earnings per share grew 13.5% to HK54.6 cents. The Board of Directors declared an interim cash dividend of HK21.8 cents per share, maintaining approximately 40% dividend payout.

Commenting on the results, Mr. Thomas Lau, Managing Director of Lifestyle International, said, “The Group was faced with a bumpy global economy during the first half of 2012.

Despite this challenging macro environment that weighed on market sentiment and consumer confidence, our operations continued to demonstrate resilience”.

The Group’s two SOGO stores in Hong Kong continued to benefit from its leading position, both delivering double-digit growth in sales revenue, with stronger growth in the first quarter.

SOGO CWB remained the biggest contributor to the Group’s revenue, total sales revenue grew 11.1%, a moderate increase compared with 23.1% for the same period last year. The Thankful Week in May was another record-breaking event, raking in HK$565 million in sales, up 13.3% from the event last year. Meanwhile, SOGO TST outperformed the retail market with sales revenue up 18.1%.