Originally posted by Bustus
In a Chinese sport shoe market which is growing why are XPD's sales declining...
In the 1h for 2018 sales dropped from $56m to $38m a decline of 32%... this sales slump must have continued into the second half.
It will be good to read the Chairman's and CEO's reports next month when the FY18 accounts are released ... I am really suspicious of the large slump in sales and reduction in the bank balance.
The reduction in revenue is cash received. The sales may not have gone down this much but instead the Distributors may have been given even better credit terms. We won’t know until we see more sales detail and the P&L.
