Kingmaker’s Sales Plunge in Fiscal H1
Revenues at the Hong Kong listed footwear maker fell 40% in the fiscal first half ended Sep. 30 to HK$ 383,032,000 ($49.0 mm) from HK$ 639,175,000 due to lower shipments to the U.S. and Europe. Gross margin was just 5.7%, down from 9.0% a year ago, but a fair value gain from its investment properties kept the bottom line damage to a minimum. Net income attributable to shareholders declined 24% to HK$ 21,909,000 ... Log in to view full article.
