KUALA LUMPUR: Xingquan International Sports Holdings Ltd expects its double-digit earnings growth to continue despite the slow down in the Chinese economy, says its CEO Wu Qing Quan.
"The slowdown in the GDP growth will not affect consumer spending significantly," Wu told the media briefing on Monday, Aug 23.
Wu added that the company's earnings growth would be driven by capacity expansion and demand growth.
The Chinese sports shoesmaker delivered a good set of result sfor FY2010 ended June 3O. Revenue exceeded RM1 billion to RM1.27 billion versus RM843.8 million while net profit rose to RM220.2 miliion from RM179.3 million previously.
"The slowdown in the GDP growth will not affect consumer spending significantly," Wu told the media briefing on Monday, Aug 23.
Wu added that the company's earnings growth would be driven by capacity expansion and demand growth.
The Chinese sports shoesmaker delivered a good set of result sfor FY2010 ended June 3O. Revenue exceeded RM1 billion to RM1.27 billion versus RM843.8 million while net profit rose to RM220.2 miliion from RM179.3 million previously.
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