Shoemaker Pou Chen Corp (寶成工業) on Friday reported net profit of NT$4.64 billion (US$155.67 million) in the first quarter of the year, down 26.1 percent from a year earlier, but still the second-highest net profit for the period in the company’s history. The world’s largest contract maker of branded athletic and casual footwear also has investments in retailing and land development, as well as in financial services providers such as Nan Shan Life Insurance Co (南山人壽). Pou Chen said the lower profit was largely due to fewer investment gains from Nan Shan, compared with a year earlier. The company booked NT$2.63 billion