China Dongxiang records lower sales and profits

2018-03-28T00:00:00

Hit by a sharp decline in sales under both the Kappa and Phenix brands, China Dongxiang saw its turnover slip by 9.9 percent to 1,353 million yuan renminbi (€173.9m-$215.7m) for the full 2017 financial year. Net income nearly doubled to RMB 1,284.8 million (€164.5m-$204.8m), but excluding special items, pre-tax earnings declined ...

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