Article: BOSIDENG STARTS DIVERSIFIED OPERATION ON FALLING SALES


AsiaInfo Services
07-10-2009
bosideng+international+holdings+ltd[(bsdgf)]

Bosideng Starts Diversified Operation on Falling Sales

BEIJING, Jul 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese down apparel giant Bosideng International Holdings Limited (SEHK: 3998) suffered a sharp drop in revenue and profits in the fiscal year ended on March 31, 2009 as Chinese down apparel companies were trapped by the global financial crisis and climate change, according to its annual report issued on July 9, 2009.

Revenue in the down apparel giant had dropped 19% to CNY 4.275 billion and profits suffered a sharp drop of 30% to CNY 748 million, which is attributed to that the company focused on ...

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