Comprehensive net income slipped 43% to RMB532,749,000 ($83.5mm) from RMB934,629,000 in the first half, despite 14% higher revenues of RMB771,859,000 ($121.0 mm) vs. RMB674,660,000. As usual, financial income gave a huge boost to the bottom line, but this year’s results were hurt by a RMB460 million one time gain on the sale of an asset last year that did not recur. Excluding comprehensive items, net income was down 10% to RMB481.0 million. Gross margin was up 210 basis points to 59.9%.

In the home Chinese market, Kappa brand sales increased 11% to RMB569 million on the strength of ... Log in to view full article.