Shenzhen-based shoe and sportswear retailer Belle International booked net income of RMB 1.56 billion for the six month period ending June 30, 2010, up 37% year-on-year, the company announced August 24. Total revenues increased 19.8% to RMB 11.15 billion during the period, which the company attributed to continued growth of its footwear business. Shoe sales increased 26.5% to RMB 6.72 billion, while sportswear sales grew by 10.9% to RMB 4.43 billion, the report said.
Belle International recorded 18% year-on-year growth in same-store sales (SSS) for its footwear business and 4% sportswear SSS growth in the second quarter of this year.
