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Article Date: May 2017
Word Count: 139

Belle Net Declines on Lower Footwear Sales

Comprehensive net income slipped 14% to RMB2,556.5 million ($384.8 million) from RMB2,962.6 million for the fiscal year ended Feb. 28 on revenues that increased 2% to RMB41,706.5 million ($6,277.3 million) from RMB40,790.2 million. The vertical footwear and apparel manufacturer and retailer ended the year with 20,716 retail outlets in which it sells its own brands and those international brands it distributes in China. Footwear sales fell 10% to RMB18,960.0 ... Log in to view full article.


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