July 01, 2020
The SGI office is closed this week for the Independence Day holiday. Our next issue will be July 10.
Net income attributable to shareholders jumped 59% to HK$223,458,000 ($28.5 mm) in the year ended Mar. 31 from HK$140,418,000 on 12% higher sales of HK$3,017,120,000 ($385.3 mm) up from HK$2,700,780,000.
Net loss attributable to shareholders for the year ended Mar. 31 was HK$51,386,000 ($6.6 mm) against a profit of HK$35,593,000 as the top line contracted by 5% to HK$1,050,064,000 ($134.1 mm) from HK$1,100,649,000.
Firearms sales growth continued to accelerate last month, as scenes of social unrest following the George Floyd killing and calls for defunding police departments drove more fear-based gun demand.
After Cabela’s most recent setback in which the Third Circuit declined to overturn a district court ruling in the Highbys’ favor, the original suit that was filed in Sep. 2018 was dismissed with prejudice.
The Newell-owned outdoor company says that Taiwan-based Team Worldwide is infringing on its patent no. 7,089,618 for an air mattress with an internal side support.