The bottom line grew 40% to HK$ 313,559,000 ($40.5 mm) in the fiscal year ended Mar. 31, from HK$ 223,458,000 on 8% higher revenues of HK$ 3,248,875,000 ($419.2 mm) up from HK$ 3,017,120,000 at the sports apparel manufacturer. Gross margin expanded 230 basis points to 20.1%, while SG&A was down 5% overall, helped by shifting production of U.S. bound items out of China to avoid tariffs that it has to pay the year before. Sales to the U.S. were down 14% to HK$ 663.3 million ($85.6 mm), but all other regions were positive, led by a ... Log in to view full article.