The footwear maker reported an HK$88,098,000 profit attributable to shareholders ($11.4 mm) for the fiscal year ended Mar. 31, against a loss of HK$51,386,000 last year, as revenues slipped 23% to HK$804,720,000 ($103.8 mm) from HK$1,050,064,000. A HK$122.9 million gain in fair value of investments along with lower selling and administrative expenses drove the return to black ink. Sales to the U.S. market were a bright spot, growing 11% to HK$170.7 million ($22.0 mm), but every other geography was down. Europe declined 15% to HK$254.5 million, Asia fell 37% to 273.7 million and Other regions dropped 35% ... Log in to view full article.