The footwear maker’s net income attributable to shareholders declined 62% to HK$20,221,000 ($2.6 mm) for the fiscal year ended Mar. 31, against a profit of HK$53,410,000 last year. Sales ticked down 35% to HK$689,269,000 ($88.1 mm) from HK$1,061,974,000 on macroeconomic challenges, high interest rates, and inflationary pressures in the U.S. and Europe. Gross margin was just 4.2%, down from 8.4% a year ... Log in to view full article.
