Summary by Moomoo AI
Giordano Int'l announced its interim report for 2024, showing a 3.4% decrease in revenue to HKD 1.903 billion and a 26.3% decrease in operating profit to HKD 0.202 billion. Shareholders' net profit of the company also decreased significantly by 36.8% to HKD 0.12 billion, and earnings per share dropped from 12.0 HK cents to 7.4 HK cents. The interim dividend was also reduced from 17.0 HK cents per share to 8.0 HK cents. The report pointed out that the decrease in revenue was mainly due to the continuing decline in sales in the Greater China region, and the increase in operating expenses also put pressure on profits. Despite this, the Group implemented a series of immediate measures in the second quarter, including market marketing, procurement, store operations, inventory management, and...Show More