Page 5 - Sphere No.14 (Jul 2005)
Basic HTML Version
TEN OUT OF
TEN FOR WATSONS
Watsons Your Personal Store
is now
in 10 markets, with the opening of its first
stores in Turkey and Korea. Part of the A.S. Watson
Group and the No.1 health and beauty retail brand in Asia, A.S.
Watson is bringing its contemporary shopping concept of
“health, beauty and fun” to consumers in both markets.
A.S. Watson moved into Turkey by acquiring the local
health and beauty chain Cosmo Shop. The first A.S. Watson
store, opened on 1 April, features 3,000 sq ft of space and
offers customers over 7,000 high-quality products, from skin
care to cosmetics and hair care to health products.
Turkey is an increasingly international market and A.S.
Watson has ambitious plans for the health and beauty sector.
All seven Cosmo shops will be re-branded during Q2 2005 and a
further 15 stores opened over the next year. A.S. Watson aims
to reach 100 stores throughout Turkey in the next five years.
Rapid expansion is also planned for the Korean market,
where A.S. Watson is operating a joint venture with GS Retail.
GS-Watsons, the new company, will leverage GS Retail's distri-
bution network and site development skills to bring A.S.
Watson’s international health and beauty concepts to the
Korean market. Ten more store openings are planned for 2005,
with an accelerated rollout programme in the years to come.
C
T
E
H
R
P
CORPORATE
TELECOMMUNICATIONS
ENERGY & INFRASTRUCTURE
PROPERTY & HOTELS
RETAIL AND MANUFACTURING
PORTS AND RELATED SERVICES
S
PHERE
3
HWL
2004 (HK$)
2003 (HK$)
CHANGE
Turnover
179,415 million 145,609 million +23%
Profit
attributable
to shareholders
16,128 million 11,677 million +38%
Earnings
per share
3.78
2.74
+38%
Total dividend
per share
1.73
1.73
–—
Carnival of Cars
Large crowds flocked to the Whampoa Motor
Carnival at Wonderful Worlds of Whampoa
during the Easter holidays. Jointly organised
with Metro Finance, the Carnival
included an exciting collection of
prestige cars as well as a group
of charming “racing queens”.
A particular highlight was a
$1 motor auction for charity.
BUILDING
LAND BANK IN
THE MAINLAND
Cheung Kong Holdings
(CKH)
and
Hutchison Whampoa
Property Group
(HPWG) are really
building up their
property
development
business in
China. They
have recently
purchased land in
Beijing, Tianjin,
Changchun, Shanghai,
Chengdu, Chongqing, Wuhan,
Changsha, Guangzhou and
Shenzhen, and are planning
a range of residential and
commercial developments.
The Group now has more than
30 developments in major
Chinese cities, where it is aim-
ing to create a modern, high
quality living environment.
✭
APPLAUSE
The outstanding
architectural design at
DYNASTY GARDEN, SHENZHEN
has been recognised with the
award of 2004 National
Best Residence title
H
H
Stylish
Living in
Guangzhou
The glamorous Stylish Living
Festival at Cape Coral in
Guangzhou attracted over
1,000 VIP guests, who took a
grand tour of the show flats
and enjoyed an exhibition of
luxury Rolls Royce cars.
H
R
HWL Annual Results
Hutchison Whampoa Limited
(HWL) has clearly
benefitted from its diversification strategy and from an
improved global economic climate. Profits in 2004 were up
38% to HK$16,128 million. Further details are given in the
table below. The results reflect vigorous growth in ports and
related services, retail and manufacturing and in finance and
investment activities. There was very strong cash generation
from all established businesses. Before the LBITDA* from 3
Group, overall EBITDA* grew 44% to HK$65,618 million.
For full details of HWL’s 2004 results, see
*
EBITDA/LBITDA = Earnings/Losses before Interest, Taxation, Depreciation
and Amortisation
C
