The footwear maker's net income attributable to shareholders swung to a loss of HK$ 12,967,000 ($1.7 mm) against a profit of HK$ 21,909,000 in the fiscal first half ended Sep. 30, on 15% lower revenues of HK$ 326,065,000 ($41.7 mm) from HK$ 383,032,000 last year. Gross margin was just 0.9%, falling 480 basis points and down from 5.7% a year ago. Revenue from U.S. customers accounted for 23.8% of sales compared to 32.4% last year, generating HK$ 77.6 million, while sales ... Log in to view full article.
