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Article Date: April 2019
Word Count: 146

Pegasus International Swings to Loss in 2018

Comprehensive net loss was $17,857,000 for 2018 against a profit of $5,435,000 at the footwear maker, as revenues fell by almost half to $38,965,000 from $76,046,000. Excluding the effect of foreign exchange differences on its overseas business, impairment charges and other comprehensive items, the loss was $15,266,000 against a profit of $583,000. The company called the past year, “the most thorny in the past decade” attributing much of the falloff to the ongoing ... Log in to view full article.


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