Kingmaker swings to a loss

The Chinese footwear manufacturer Kingmaker reported a net loss of HK$33.89 million (€3.7m) for its fiscal year ended March 31 compared with a HK$20.22 million (€2.2m) profit recorded the previous year. Revenues declined by 9 percent year-over-year to HK$625.88 million (€68.1m), with the company citing subdued order flow, lower average ...

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