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Article Date: November 2026
Word Count: 209

Eagle Nice Battered by Inventory Destocking, Price Competition


Net income attributable to shareholders plummeted 41% to HKD 120,171,000 ($15.3 mm) from HKD 204,513,000 in the fiscal first half ended Sep. 30, as revenues fell 3% to HKD 3,223,665,000 ($411.2 mm) from HKD 3,323,910,000. The athletic apparel manufacturer’s sales to the U.S. improved 7% to HKD 741.1 million ($94.5 mm), while Europe inched up 2% to HKD 432.3 million. China, Eagle Nice’s largest market, was off 12% to HKD 1,582.2 million, Japan was down 10% to HKD 60.5 million, and Rest of World was 16% higher at HKD 407.5 ... Log in to view full article.

 


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