Net income attributable to shareholders jumped 18% in the fourth quarter to TWD 1,586.6 million ($49.4 mm) from TWD 1,339.6 million, as revenues at the Taiwanese footwear and sporting goods manufacturer dipped 3% to TWD 21,885.3 million ($681.8 mm) from TWD 22,535.2 million. Gross margin was down 30 basis points to 22.9%. Total operating expenses were 9% higher and expanded 160 b.p. as a percentage of sales, with selling and administrative expenses growing 9% and research and development up 10%.

Bouncing back a bit from a double-digit decline in 2023, full-year sales ... Log in to view full article.