Net income at the multi-brand skate company declined 9% to A$3,884,000 ($2.7 mm) from A$4,262,000 in the fiscal first half ended Dec. 31 despite a one-time A$3,745,000 net gain from the sale of Dwindle, as revenues slipped slightly to A$77,960,000 ($54.2 mm) from A$78,117,000. Underlying revenues excluding the divestiture gained 7% constant currency. Gross margin contracted 110 basis points to 45.7%, while SG&A increased by A$1.5 million, or 210 b.p. as a percent of sales. The sale of U.S.-based ... Log in to view full article.