Bonjour expects annual profit to jump significantly

Cosmetic retailer Bonjour Holdings Ltd. expects its net profit for the whole year of 2015 to register ‘a significant increase’ as compared to 2014 despite drops in the retail and wholesale business, according to its filing with the Hong Kong Stock Exchange last week. The retailer said in the filing that its expected jump in net profit is contributed to by a gain from the disposal of beauty and health salons operations for some HK$400 million (US$49.8 million) By contrast, it noted that its operating profit from the retail and wholesale business for last year would post ‘a significant decline’ driven by the general downturn of the retail segment in Hong Kong. In 2014, Bonjour saw its profits plunge 17 per cent year-on-year to HK$226 million due to slower sales growth and changing consumer spending patterns. Nevertheless, its revenues generated by Macau jumped 6.7 per cent year-on-year to HK$231 million.