Report
Chelsey Tam
EUR 147.86 For Business Accounts Only

Belle Released Another Set of Weak Interim Results

Revenue in the first half was up 0.9% year over year to CNY 19.5 billion, while a 12.7% decline in footwear revenue to CNY 8.6 billion was offset by 14.7% growth to CNY 9.5 billion in the sportswear segment. In the first half, footwear revenue and profit mix declined to 44% and 61%, respectively, from 51% and 65% in the year-ago period. Operating profit was down 19.8% year over year as operating margin in the first half contracted from 14.7% to 11.7% year over year, owing not only to higher cont...
Underlying
Belle International Holdings Limited

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chelsey Tam

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