The Chinese footwear and apparel company’s bottom line improved 49% to RMB 203,773,000 ($28.5 mm) in the fiscal first half ended Sep. 30 from RMB 136,965,000 last year, driven by its investment segment, which includes gains from changes in fair value of financial instruments. CDX’s operating profit from its sporting goods business was RMB 26 million, while the investment business contributed RMB 181 million. Revenue was flat at RMB 748,088,000 ($104.5 mm) against RMB 748,887,000.

Sales of the core Kappa brand were flat at RMB 705 million, including an ... Log in to view full article.