Net income slipped 7% in 2019 to HKD 62,843,000 ($8.0 mm) from HKD 67,346,000 on revenues that gained 29% to HKD 1,146,834,000 ($146.5 mm) from HKD 885,933,000. Manufacturing segment revenue improved 2% to HKD 743.2 million, but minimum wage increases in Bangladesh offset the top line performance, dropping operating profit by 3% to HKD 105.0 million and prompting new automation in its Bangladesh facility. U.S.-based New Era Cap Co., Inc. signed onto a five-year partnership extension through Dec. 2024, with a minimum US$47 million first ... Log in to view full article.