Net income attributable to owners of the company was just HK$757,000 ($0.1 million) for the first half, down from a profit of HK$34,578,000 last year, as sales declined 17% to HK$430,952,000 ($55.6 mm) from HK$521,181,000. Gross margin expanded 120 basis points to 30.0 %, but selling and distribution costs and administrative expenses but deleveraged on the lower sales. Manufacturing revenue was down 34% to HK$236.0 million as the company’s Bangladesh factory was forced to close in April and May by the ... Log in to view full article.