Man Wah sold 75% more in $ value to North America in first half of FY09.
Ben Chan
DESPITE THE difficult economic conditions in the US, Man Wah’s sales to North America leapt in both absolute and percentage terms in the first half ended Sept.
Sales surged 74.7% to HK$503.3 million on higher volume as well as higher value sales orders from the top 100 largest US furniture retailers. Net profit jumped 36% to HK$118 million.
We asked a Man Wah shareholder, Benjamin Chan, who is an actuary with an international reinsurer, to share his analysis. Full article: MAN WAH: Sales to US unaffected in Q2
