Summary by Moomoo AI
JS Global Life Limited (the 'Company') announces its interim business performance for the six months ended 30 June 2024. During the period, revenue from continuing operations was USD 743.0 million, an increase of 29.5% compared to the previous year; gross profit was USD 245.8 million, an increase of 15.2%; net profit was USD 29.6 million, a decrease of 35.9%. EBITDA decreased by 43.0% to approximately USD 41.7 million year-on-year; adjusted EBITDA decreased by 64.4% to approximately USD 28.1 million year-on-year. The Company's board of directors does not recommend the distribution of any interim dividend. The Company completed the divestment of SharkNinja Group on 31 July 2023, and SharkNinja Group is no longer a subsidiary of the Company. The Company focuses on the development and expansion in the Asia-Pacific market and has entered the Philippines and Indonesia markets through exclusive distribution partnerships with local distributors. The Company will continue to invest in innovative products and market marketing efforts to maintain strong consumer demand.