Comprehensive net income attributable to owners of the company fell 68% to $145,310,000 in the first nine months from $449,137,000 as revenues grew 6% to $7,151,884,000 from $6,718,014,000. Excluding a $148 million negative swing in comprehensive items including foreign exchange differences, net income was still down 48% to $204,565,000 from $395,857,000. Results continue to be driven by the booming Pou Sheng retail operation, while the manufacturing business is still struggling with fluctuations in customer orders and unfavorable product mix.

Footwear manufacturing revenue was down 3% to $3,929.9 million with most of the decline coming from casual/outdoor shoes, down 12% to $782.3 ... Log in to view full article.