Kingmaker Profits Pressured in Q4
The Chinese footwear manufacturer for Wolverine Worldwide and other brands said that revenues slipped 3% for the fiscal year ended Mar. 31, resulting in a net loss of between HK$70 and HK$75 million for the period. The red ink was attributed to a subdued order pipeline, persistently weak retail conditions, and macroeconomic uncertainty. An estimated fair value loss on investment properties in Mainland China ... Log in to view full article.
