The Chinese footwear manufacturer for Wolverine Worldwide and other brands posted a loss attributable to shareholders of HK$70,623,000 ($9.2 mm) for the fiscal year ending Mar. 31, doubling from HK$33,890,000, as revenues were off 3% to HK$607,140,000 ($78.9 mm) from HK$625,876,000. The bottom line was hit by higher revaluation losses and impairment allowances in the investment property segment, offsetting a narrowing of the loss in the manufacturing segment due to cost controls and production streamlining. Gross margin returned to the green at 1.4% compared to -1.8%, as higher costs associated with ... Log in to view full article.