Net income attributable to shareholders nearly tripled to HK$128,076,000 ($16.5 mm) last year from HK$45,895,000, on 53% higher revenues of HK$1,600,255,000 ($205.9 mm) up from HK$1,048,006,000 in the pandemic year. The top line also exceeded 2019 levels by 41%. Gross margin contracted by 50 basis points, while SG&A was up 25%, including a 38% increase in selling and distribution costs and 15% higher administration expenses, but still leveraged on the higher sales. Headwear manufacturing sales grew 58% to HK$844.3 million, and generated operating income of ... Log in to view full article.