Stelux Holdings International Limited (HKG:0084) announced that for the three months ended 31 December 2011, the turnover of the Group was approximately HK$901 million, representing a growth of 21% from the previous corresponding period. This brings the unaudited consolidated turnover for the nine months ended 31 December 2011 to HK$2.488 billion, up 24% from the previous corresponding period. The increase in turnover is due primarily to the growth from the watch and optical retail businesses and wholesale business in Greater China.

The Company stated that turnover from the Group's watch retail and wholesale operations in Southeast Asia continued to grow modestly given the cautious consumer confidence in Singapore, Malaysia and Thailand amid the global economic slowdown. The negative effect from the Thailand flooding was more severe than initially expected, particularly disrupting supply logistics of our optical retail operations during the third quarter ended 31 December 2011.