Concrete fundamentals drive turnover of Kingmaker Footwear

14 Jul '09

4 min read

To meet with its long-term expansion strategy, the Group acquired MOCCA in April 2008 to provide a new market-entry avenue into the retail sector. During the year, the Group developed a new house brand of babies' products – “Fiona's Prince”. The management believes that this unit will become one of the most substantial income streams for the Group.

Mr Chen continued to say that: “We are confident that the Group can maintain its competitiveness by moving up the value chain while adopting stringent cost-control measures. For the new retail business, we will consider expanding into the PRC market to capture opportunities in the mid- to upper-market segment. In addition to organic expansion, we are actively seeking out merger and acquisition opportunities. Overall, we have full confidence in the long-terms prospects for the Group.”

As at March 31, 2009, the Group maintained a strong financial position with cash and cash equivalents of HK$412 million (2008: HK$281 million). The current ratio was 1.98 (2008: 1.82) and the quick ratio was 1.63 (2008: 1.43).

Kingmaker Footwear Holdings Limited is a premium name-brand manufacturer of fashion casual, children's and rugged footwear. The Group operates 40 production lines in China, Vietnam and Cambodia with a staff of 14,000. Its branded customers include Skechers, Clarks, Stride Rite, Elefanten, G-Star, Rockport, K1X, Ariate and Camper, etc.

Kingmaker Footwear Holdings Limited