Stella International Holdings Ltd. Announces Unaudited Consolidated Revenue Results for the First Quarter Ended March 31, 2015
Apr 9 15
Stella International Holdings Ltd. announced unaudited consolidated revenue results for the first quarter ended March 31, 2015. For the quarter, the revenue was approximately USD 298.0 million, representing an improvement of approximately 8.8% as compared to the revenue of approximately USD 273.9 million for the corresponding period of last year. The increase in revenue was mostly attributed to higher manufacturing revenue during the period under review. The high percentage increase also reflects the low base that was mostly caused by weak economic conditions in the first quarter of 2014.
Stella International Holdings Ltd., Annual General Meeting, May 22, 2015
Mar 30 15
Stella International Holdings Ltd., Annual General Meeting, May 22, 2015., at 15:00 China Standard Time. Location: Lotus Room, 6/F, Marco Polo Hongkong Hotel. Agenda: To receive and approve the audited consolidated financial statements of the company and its subsidiaries and the reports of the directors and auditor of the company for the year ended 31 December 2014; to declare a final dividend for the year ended 31 December 2014; to re-elect Mr. Chen Li-Ming, Lawrence as executive Director; to re-elect Mr. Chan Fu-Keung, William, BBS as independent non-executive Director; to re-elect Mr. Yue Chao-Tang, Thomas as independent non-executive Director; to authorize the board of Directors to fix the remuneration of the Directors; to re-appoint Deloitte Touche Tohmatsu as the Auditor for the year ending 31 December 2015 and to authorize the Board to fix the remuneration of the Auditor; and to grant a general and unconditional mandate to the Directors to allot, issue and deal with additional shares in the company not exceeding 5% of the aggregate nominal amount of the share capital of the company.
Stella International Holdings Ltd. Announces Consolidated Earnings Results for the Full Year Ended December 31, 2014; Recommends Final Dividend for the Year Ended December 31, 2014, Payable on or about June 26, 2015; Plans to Expand Store Network in the Year 2015
Mar 20 15
Stella International Holdings Ltd. announced consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported revenue of USD 1,663,091,000 against USD 1,541,471,000 a year ago. Profit before tax was USD 135,811,000 against USD 137,344,000 a year ago. Profit for the year was USD 120,245,000 against USD 122,816,000 a year ago. Profit for the year attributable to the owners of the company was USD 120,701,000 or 0.152 cents per basic and diluted share against USD 122,656,000 or 0.155 cents per basic and diluted share a year ago. Net cash from operating activities was USD 58,785,000 against USD 189,568,000 a year ago. Purchase of property, plant and equipment was USD 77,393,000 against USD 82,074,000 a year ago. The Group's net cash inflows from operating activities fell to USD 72.8 million against USD 168.1 million for the year, representing an decrease of 56.7%. Capital expenditure was USD 81.7 million against USD 97.2 million a year ago.
The Board of the company recommended the payment of a final dividend of 55 cents per ordinary share to shareholders of the company for the year ended December 31, 2014. The proposed final dividend, amounting to approximately USD 56.3 million, will be paid to shareholders whose names appear on the register of members of the company on May 28, 2015, if the proposal is approved by the shareholders at the forthcoming annual general meeting of the company to be held on May 22, 2015. It is expected that the final dividend, if approved, will be paid on or about June 26, 2015.
The company is targeting an expansion of its overall manufacturing capacity by the end of 2015. The company will also continue to invest in R&D to increase the quality and value-adding attributes of products to ensure that remain the partner of choice for leading premium and luxury footwear brands worldwide. The company will continue to seek out and invest in new talent, particularly at the management level, to support the future growth of business. The company remains highly focused on improving the long-term profitability and competitiveness of retail business. While the company will continue to close underperforming stores in some regions, the company expects to modestly expand store network on a net-basis in 2015 as it open more standalone doors in high-end shopping malls and quality locations.