Gross Margins Fall At Arts Optical
For the six months ended June 30, the Chinese company's revenues rose by 13.4 percent to HK$375.6 million (€40.3m-$48.4m), but net earnings dipped by 5.1 percent to HK$48.9 million (€5.2m-$6.3m). Gross margins dropped by five full percentage points, down to 29.2 percent, for several reasons: an increased proportion of sunglasses ...
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