Comprehensive net income jumped to HK$212,631,000 ($27.6 mm) from HK$47,097,000 in the fiscal first half ended Sep. 30 benefitting from HK$177 million from the sale of the Zhong Shan manufacturing operation, but missing those sales pulled down revenues to HK$594,115,000 ($77.2 million) from HK$1,013,988,000. The divesture is the latest step in Kingmaker’s strategy to extricate itself from the increasing wages on mainland China by moving production to Vietnam and Cambodia. Gross margin improved 130 basis points to 18.1% and ASP increased 5.2% ... Log in to view full article.