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311 — Luen Thai Holdings News Story

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Hong Kong's Luen Thai H1  revenue rises on strong activewear demand

Hong Kong's Luen Thai H1  revenue rises on strong activewear demand


Overview

  • Hong Kong apparel manufacturer's H1 revenue rose yr/yr

  • Profit attributable to owners of the company increased sharply from prior year

  • Earnings per share rose to 0.64 US cents from 0.04 US cents


Outlook

  • Luen Thai plans stringent cost controls and production optimization to improve operational efficiency

  • Group will strengthen supply-chain resilience and responsiveness to evolving customer sourcing requirements


Result Drivers

  • ACTIVEWEAR DEMAND – Strong activewear demand lifted Apparel revenue 19.0% and swung segment profit to US$8.1 mln from a US$2.7 mln loss

  • PRODUCT MIX AND EFFICIENCY – More favourable mix, operating efficiency and cost management raised gross profit margin and supported earnings

  • GROSS PROFIT IMPROVEMENT - Gross profit rose to $51.9 mln from $41.2 mln in the prior-year period

  • LOWER SELLING EXPENSES - Selling and distribution expenses fell to $0.5 mln from $0.8 mln


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

$325.40 mln


Reuters Recommended Reads

  • Aug 27 - Hong Kong's Mainland Headwear H1 revenue, net income rise

  • Aug 26 - Apparel retailer Giordano International H1 revenue and profit decline on GCC weakness

  • Aug 25 - China's Shenzhou International H1 sales fall 5.3%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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