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Article Date: August 2018
Word Count: 157

Mainland Headwear’s U.S. Business Drives Gains


Comprehensive net income was off 24% to HK$31,010,000 ($4.0 mm) from HK$40,729,000 for the first half ended Jun. 30, as revenues expanded 5% to HK$466,978,000 ($59.9 mm) from HK$444,996,000. The bottom line was down 8% to HK$36.9 million excluding the effect of exchange differences. Gross margin slipped 30 basis points to 32.1%. The trading segment, which includes Drew Pearson International in Europe along with H3 Sportgear and San Diego Hat Company in the U.S., saw sales rise 19% to ... Log in to view full article.

 


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