Profit attributable to shareholders declined by 52% to $83,601,000 from $175,049,000 for the six months ended June 30 as sales fell by 12% to $4,154,968,000 from $4,709,792,000. EBIT fell by 36% to $143,227,000 from $223,948,000. The group cited a sluggish global macroeconomic environment and inventory destocking across the footwear industry for lowering the short-term performance of its manufacturing business. Implied Q2 results show a 62% drop in profit attributable to shareholders to $32,757,000 and 12% decline in three-month revenues to $2,047,522,000 for the period ended June 30.

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