Stella International Holdings (01836) said its profit attributable to owners for the six months ended 30 June 2016 dropped 43.8% year-on-year to US$30.38 million.
Basic and diluted earnings per share were US3.83 cents.
The revenue was US$721 million, a decrease of 9.6% from a year earlier. Shipment volumes fell 4.5% to 25.4 million pairs, compared to 26.6 million pairs in the corresponding period of last year. The average selling price of footwear products fell to US$27.1 per pair, compared to US$28.6 per pair, which was attributable to falling raw material costs (particularly for leather), changes in product mix, as well as greater pricing competition.
The proposed interim dividend is HK30 cents (2015: HK30 cents) per share, payable on or about 14 October 2016.
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