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Article Date: November 2019
Word Count: 157

Eagle Nice Six Month Results Improve, Despite Trade War

The apparel maker’s comprehensive net income attributable to shareholders nearly tripled to HK$74,526,000 ($9.5 mm) from HK$25,492,000 in the fiscal first half ended Sep. 30, as revenues expanded 28% to HK$1,891,994,000 ($241.6 mm) from HK$1,476,600,000. Both periods included a substantial negative adjustment for exchange differences on translation of foreign operations, without which the bottom line was up 57% to HK$159,082,000. Gross margin was 320 basis points higher at 19.1%. SG&A increased by 40%, or 70 b.p., on the added ... Log in to view full article.


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