Slow expansion of sales expected to slow next year ‧ Bardini

Bardini Holdings (PADINI, 7052, board consumer groups) as the rate of expansion slowed in 2010, the annual total sales growth will slow.

Bardini Holdings executive director Chen Guixing accept the "Reuters" Access said: "The original plan for additional retail space will be halved."

Bardini Holdings as of June 30, 2009 fiscal year sales jumped 24% to 400 million 77 million ringgit, while net profit rose 19% to 49.5 million ringgit.

He said the current fiscal to maintain the same growth may be a little bit, to increase the retail space has slowed.

"And the 2008 fiscal year and an additional 90,000 square feet in fiscal year 2009, an additional 140,000 square feet of retail space compared to Bardini holding only intend to introduce in fiscal 2010, 40,000 square feet of retail space."

Malaysia in the first quarter grew 6.2% contraction in the second quarter continued to decline by 3.9%.

Introduction of new products and creating more outlets

Despite the economic downturn, Bardini owned business still achieved growth. In addition, Bardini Holdings also introduced new products and open more stores.

Chen Guixing said: "The sales increase was mainly dependent on the new addition of retail space."

Bardini Holdings was founded in 1971 OEM brands of clothing, since the late 80s to early 90s the booming economy to stimulate domestic consumption, Bardini they came to build their own brand.

Bardini Holdings currently in Southeast Asia and Middle East sales in 12 countries 9 brand fashion goods, including clothing and women's shoes and accessories.

Chen Guixing said that despite the increasingly competitive local city, but the company has no plans to further strengthening the export market. Currently, overseas sales accounted for only 10% of total turnover.

Domestic retail market is still profitable

He said: "We do not enter the export markets Di relevant plans or strategies, for us, Guo Nei's retail market Rengran profitable, Erqiegongsi in Ci it well. Here, we will continue to focus on local City. "

Bardini stock price rose 14.63 percent so far this year, performance has surpassed the competition, but still lags behind the market's 37% increase.

Competitors take fashion (VOIR, 7240, board and trade services group) dropped 10.56 percent this year, Baoli institutions (BONIA, 9288, board of consumer goods group) were down 12.28%.