China-based women’s footwear retailer, Daphne has announced its audited annual results for the year ended 31 December 2010.

During the year, the group’s turnover increased by 14% to $851.4 million (from $749.7 million in 2009) while operating profit increased by 13% to $124.9 million (from $110.9 million in 2009).

Mr Chen Ying-Chieh, chairman and CEO of Daphne, said: “Owing to the fast growing retail market in mainland China, our brand business continued to achieve an encouraging performance in 2010.”

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