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Article Date: April 2018
Word Count: 136

Mainland Headwear Sales, Profits Gain in 2017

Comprehensive net income for the year increased 34% to HK$86,987,000 ($11.1 mm) from HK$64,827,000 helped by HK$14 million from exchange differences on foreign operations, as sales increased 2% to HK$890,707,000 ($113.5 mm) from HK$870,291,000. Gross margin slipped 80 basis points to 32.3% due to declining higher-margin retail sales. The priority during the year was expanding capacity at the company’s Bangladesh factory from 2.25 million pieces of headwear per ... Log in to view full article.


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