STOCKS | Lever Style Chairman Expects Better 2H Margin After AAG Integration Costs Ease

Lever Style (1346) Chairman Stuart Sze said integration and restructuring costs following the acquisition of Active Apparel Group (AAG) slightly reduced the group’s first-half gross margin to 27.9%, according to Ming Pao. Sze said similar restructuring costs are not expected in the second half, and profitability is expected to be better than in the first half. He added that the group will continue to look for acquisitions and push digitalization and platform-based development, with a goal of at least doubling revenue every three years.