Late Winter in Japan Hurts Alpen Sales
Comprehensive net income was off 83% for the six months ended Dec. 31 to ¥453 million ($4.0 mm) from ¥2,671 million as sales dipped 1% to ¥111,717 million ($990.4 mm) from ¥113,382 million. Profitability was hurt by 140 basis points of gross margin contraction to 39.9%, while SG&A expanded by ¥470 million, or 100 b.p. as a percent of revenues. Warm ... Log in to view full article.
