The sneaker maker, which finalized a management transition after the tragic death of its CEO in a stabbing, reported net income rose 30% to HK$120,205,000 ($15.5 mm) from HK$92,480,000 for the FY ended Mar. 31. Sales were down 2% to HK$ 2,343,201,000 ($302.0 mm) from HK$2,378,003,000. The year saw its manufacturing operations dip 1% to HK$2,308,161,000 from HK$2,326,399,000 while retailing sales declined 32% to HK$35,040,000 from HK$51,604,000.
Kingmaker said it made progress in its operating strategy to consolidate more of its China manufacturing in regions away from the high cost ... Log in to view full article.