By Chester Yung
Belle International Holdings Ltd. (1880.HK) late Monday reported a 18% drop for its full-year net profit, which was partly dragged down by higher general and administrative expenses.
The Hong Kong-listed retailer said its net profit for the year ended February 28 fell to 2.40 billion yuan (US$348 million) from CNY2.93 billion a year earlier, while its full-year revenue rose slightly to CNY41.71 billion from CNY40.79 billion a year earlier.
The company proposed a final dividend of CNY 6 cents per share.
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