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Vietnam Closures Hit Iconic UK Shoemaker Doc Martens: FT

The company on Thursday said pre-tax profits rose 46% year-on-year to $81.1 million for the six months to the end of September


A man walks past the window of a Dr Martens shoe shop in central Madrid. Photo: Reuters

 

Dr Martens has posted a jump in profits, but the iconic British shoemaker said delays at US ports and factory closures in Vietnam had held back sales and warned that disruption would continue into next year, the Financial Times reported.

The company on Thursday said pre-tax profits rose 46% year-on-year to £61.3 million ($81.1 million) for the six months to the end of September. That was on the back of sales that were 16% higher at £369.9 million.

Read the full report: Financial Times.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.