Belle FY10 revs grow 20% YoY on strong footwear sales

Shenzhen-based shoe and sportswear retailer Belle International (1880.HK) recorded net income growth of 35.2% y-o-y to RMB 3.43 billion in 2010, according to a company announcement published on March 23. Total revenue increased 20% y-o-y to RMB 23.71 billion, which the company attributed to an increase in footwear sales to RMB 14.65 billion in 2010 from RMB 11.73 billion in 2009. The company's sportswear apparel businesses generated RMB 9.06 billion in 2010, compared with RMB 8.03 billion in the previous year.

The retailer made more than RMB 200 million in online sales in 2010, according to February reports.