The footwear and sporting goods manufacturer’s net income attributable to shareholders jumped 52% in Q2 to TWD 2,582.6 million ($87.3 mm) from TWD 1,701.0 million, as revenues surged 26% to TWD 24,763.3 million ($836.6 mm) against TWD 19,697.9 million. Gross margin expanded 50 basis points to 25.8%, but costs below the line outpaced sales by 50 b.p., including a 33% increase in selling and administrative expenses and 27% higher research and development spending. Equity method income from the company’s Shoe Majesty JV more than doubled to TWD 72.1 million. The bottom ... Log in to view full article.