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Article Date: December 2021
Word Count: 170

Kingmaker Swings to Loss on Vietnam Shutdown


Net loss at the footwear maker was HK$15,462,000 ($2.0 mm) for the fiscal first half ended Sep. 30 against a profit of HK$65,564,000 last year, as revenues slipped 3% to HK$379,373,000 ($48.8 mm) from HK$391,565,000. The shut down of the Thuan An factory in southern Vietnam for most of the second quarter pulled down results after a strong start to the fiscal year. About 80% of workers have now returned and operations are ramping up there. Kingmaker’s Cambodian factory remained operational for the entire first ... Log in to view full article.

 


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