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HONG KONG, Sept 17, 2009 - (ACN Newswire) - The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. ("China Dongxiang" or "the Company"; stock code: 3818, together with its subsidiaries the "Group") was named as one of the "Forbes Asia's 200 Best Under A Billion" for two consecutive years. China Dongxiang ranked the 5th among the 200 companies on the list if measured by net income or market value, which is the highest among the sportswear companies in the PRC.
Mr. Chen Yihong, Chairman of China Dongxiang said, "We are pleased to be given the 'Forbes Asia's 200 Best Under A Billion' again this year. Amid the unfavourable economic environment in the PRC brought by the financial turmoil, the Group achieved remarkable results for the first half of 2009 with a substantial growth of 41.3% in core net profit. We will continue to strengthen our product design and R&D capabilities, while carrying out effective marketing and sales strategies to enhance the Kappa brand's image. Also, the Group will further enrich its brand portfolio. The launch of "Kappa Golf" earlier this year will be followed by "Kappa Ski", which is adapted from Phenix, and Robe Di Kappa ("RDK"), a sub-brand of Kappa brand with nearly 50 years of history in Italy. We are committed to becoming the leading multi-brand sportswear management enterprise in China and generate fruitful returns to our shareholders."
The candidate list was selected carefully from 25,326 small- and midsize companies with sales under US$1 billion throughout the Asia Pacific region including Australia, Japan, Indonesia, China, Hong Kong, Taiwan, etc, according to the weighted calculations of growth rate, return rate and profitability of the enterprises.
Contact:
Ms. Harriet Lau
Tel: +852 3150 6761 / 9199 2965
harriet.lau@pordafinance.com.hk
Ms. Sharis Siu
Tel: +852 3150 6771 / 9316-8576
sharis.siu@pordafinance.com.hk
Ms. Susanna Ho
Tel: +852 3150 6755 / 9052 9451
susanna.ho@pordafinance.com.hk
Topic: Awards
Source: China Dongxiang (Group) Co., Ltd
Sectors: Fashion & Apparel
https://www.acnnewswire.com
From the Asia Corporate News Network
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