Hong Kong-listed fashion retailer Giordano has reported a modest sales uplift for the last fiscal year, driven by a strong rebound in the second half.

The group’s revenue rose 1.2 per cent for the year ended December 31, driven by a 5.9 per cent improvement in the second half. Sales were flat during the first half due to a decline in Greater China.

On a constant exchange rate basis, full-year revenue was up 3.2 per cent. The group said it recorded improved performances in Southeast Asia and Australia and the Gulf Cooperation Council regions, as well as the online business in Mainland China.

On the bottom line, gross profit margin declined by 1.4 percentage points to 57 per cent and net profit attributable to the shareholders fell 37 per cent to HK$216 million (US$27.8 million).

Management attributed the profit decline to non‐recurring expenses that took place mainly in the first half, reduction in shared profit from the South Korean joint venture, and the underperformance of Greater China.

Store count at the end of the year was 1732, representing a net decrease of 90 locations.

The group aims to achieve revenue at a high single to low double-digit compound annual growth rate between 2025 and 2030. For 2025, it expects a revenue growth of 3-5 per cent, with profit growing at a faster rate.