Turnover -10% Gross profit -14% Other income -66% Rental +10% Operating profit -53% >> Retailer seems to be caught in situation where there is plunge of sales but rental keep going up. Forex loss of 2,345,000 Net profit -93% to 611,000 only >> The luxury sector really get hit when economy turns bad. Current liabilities (in '000) Trade and other creditors 74,183 Bank borrowing 58,358 Debt repayable within one year 58,389 Minus cash on hand, outstanding debt 37,392 Cash before working capital 3,500 Cash used in operation 13,332 Cash at end of period 11,150 >> Cash are locked out in two items - increase in debtors and stocks. The negative cashflow is really a cause of concern. EPS for Q2 0.11 Read more...