Stella International Holdings (01836) said its profit attributable to owners for the six months ended 30 June 2017 dropped 6.2% year-on-year to US$28.505 million, affected primarily by the one-off impact from air freight charges.
Basic and diluted earnings per share were US3.6 cents and US3.59 cents.
Revenue amounted to US$762 million, an increase of 5.7% from a year earlier. Shipment volumes rose 6.3% to 27 million pairs, compared to 25.4 million pairs in the corresponding period of last year. The average selling price of footwear products fell 1.9% to US$26.6 per pair due to changes to customers' product mix, compared to US$27.1 per pair in the corresponding period of last year.
The Stella Board has resolved to declare an interim dividend of HK30 cents (2016: HK30 cents) per share, payable on or about 20 October.
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