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Article Date: November 2020
Word Count: 164

Eagle Nice H1 Profits Jump Higher

Net income attributable to shareholders in the fiscal first half ended Sep. 30 was HK$ 230,809,000 ($29.8 mm), up 45% from HK$ 159,082,000 last year, on 2% higher sales of HK$ 1,923,855,000 ($248.2 mm) vs. HK$ 1,891,994,000. The sports apparel maker’s profitability gains came from a 330 basis point expansion in gross margin and a 10% reduction in SG&A despite the tepid sales growth. Sales to the U.S. market were down 23% to HK$ 388.7 million ($50.2 mm), but that decline was ... Log in to view full article.


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