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.)
Recent news on Luen Thai Holdings
See all newsHong Kong's Luen Thai H1 revenue rises on strong activewear demand
Brief: Luen Thai Sees Net Profit Of Us$6.0 Million-Us$7.0 Million For Six Months
Brief: Luen Thai Expects Net Profit Attributable Between $3.8 Million And $4.8 Million For FY2025
Brief: Luen Thai Sees FY Loss Attributable Between $32 MLN - $34 MLN
Brief: Luen Thai Sees Revenue For Six Months Between $295 Mln & $310 Mln