Net income attributable to shareholders fell 23% in the first half to HK$ 65,075,000 ($8.3 mm) from HK$ 84,486,000 on 17% lower revenues of HK$ 780,258,000 ($100.0 mm) down from HK$ 941,912,000. Headwear manufacturing segment sales declined 17% to HK$ 469.2 million, hit by excess inventories at its customers in the U.S. and Europe. Shipping notably fell off in the second quarter as customers started to reduce expenses since the start of the year. Manufacturing EBIT was down 9% to HK$ 129.1 million. Sales at Mainland’s trading business, which consists ... Log in to view full article.