Retail in Asia

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Profits plunge at HK’s Dickson Concepts

High-fashion retailer and distributor Dickson Concepts (International) saw a 46 percent plunge in net profit for the year to March as costs rose and termination of distribution rights dragged down income.

The Hong Kong-based company announced on Thursday that net profit for the year to March fell to HKD189 million (USD24.35m) from HKD347m a year earlier.

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