Kingmaker Profits Fall on Higher Costs
Comprehensive net income plummeted 92% to HK$17,732,000 ($2.3 mm) from HK$213,226,000 in the fiscal first half ended Sep. 30 despite 8% higher revenues of $644,260,000 ($81.8 mm) against $594,115,000. Part of the bottom line decline was due to lapping the HK$174 million sale of its Zhong Shen factory last year. ASPs were up 8.1% on a shift to more higher-value premium casual footwear items, but ... Log in to view full article.