Bata Pakistan has posted disappointing results for the period ended December 31, 2002, after its net operating income slumped 24.2% to Prs79.2 million ($1.6 million) and sales fell 8%.

The footwear manufacturer reported a 1.76% decline in exports to Prs72.4 million ($1.5 million), which it attributes to increased competition from China. Retail sales, however, went up 8% in pairs and 14% in turnover.

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