Feng Tay’s Struggles Continue in Q3
Net income attributable to shareholders declined 38% in the third quarter to TWD 1,688.9 million ($53.3 mm) from TWD 2,722.3 million, as revenues slipped 11% lower to TWD 23,072.9 million ($727.9 mm) from TWD 25,881.2 million. Footwear manufacturing for major brands including Nike accounted for TWD 22,031.0 million with the rest coming from sports balls and bags. Destocking at its customers and their retail accounts persisted ... Log in to view full article.
