The Chinese footwear and apparel company’s bottom line swung to a profit of RMB 136,965,000 ($18.9 mm) in the fiscal first half ended Sep. 30, from a loss of RMB 409,713,000 last year with both periods dominated by gains from changes in fair value of financial instruments. CDX’s operating profit from its sporting goods business was RMB 20 million while the investment business contributed RMB 142 million. Revenue ticked down 3% to RMB 748,887,000 ($103.4 mm) against RMB 775,993,000 as Kappa brand sales slipped 5% to RMB 705 million, including a ... Log in to view full article.