Pegasus’ Profits Sink on U.S. Tariffs
The small Hong Kong-based footwear manufacturer’s net income swung to a loss of $203,000 from a profit of $165,000 in the first half, on sales that declined 54% to $1,481,000 from $3,232,000, hurt by its customers shifting sourcing away from Chinese manufacturers due to potential tariffs. Footwear ... Log in to view full article.
