Feng Tay Sales Inched Higher in 2021
Net income attributable to shareholders of the Taiwanese footwear maker slipped 7% last year to NT$4,541.8 million ($163.0 mm) from NT$4,878.9 million, on 2% higher revenues of NT$70,349.9 million ($2,524.4 mm) up from NT$68,959.7 million. Gross margin contracted 130 basis points to 22.6% for the year, while SG&A increased slightly but still leveraged 10 b.p. on the higher sales. Marketing and ... Log in to view full article.