Esprit shares gain after it says worst of transition is over
Reuters
Published Sep 24, 2015 03:00
Esprit shares gain after it says worst of transition is over
HONG KONG (Reuters) - Shares of clothing retailer Esprit Holdings Ltd gained 2.4 percent on Thursday after it said the most challenging part of a company transition was over.
The company made the statement on Wednesday when it reported it had swung to a loss for the year ended June 2015, weighed down by a weak euro and a slowdown in Germany in China.
The stock rose as much as 5.4 percent to HK$7.05 early on Thursday but later pared gains. The shares have fallen around 30 percent so far this year, underperforming a 10 percent slide for the benchmark Hang Seng Index.
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Written By: Reuters
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