Summary by Moomoo AI
Giordano Int'l Limited announced unaudited business data for the quarter ended September 30, 2024, showing a 4.4% increase in quarterly sales driven by strong performance in the Southeast Asian major markets and online business in China. The growth in revenue for the quarter helped narrow the revenue decline from -3.4% in mid-year performance to -1.0% year-to-date, reflecting the company's emphasis on revenue growth and operational efficiency strategy. Inventory levels increased from 0.501 billion Hong Kong dollars in 2023 to 0.63 billion Hong Kong dollars, indicating the company's efforts to optimize popular products to meet market demand. The board of directors stated that these achievements demonstrate a continued commitment to revenue growth, inventory optimization, and operational excellence, with confidence in achieving long-term goals. The board also advised shareholders and potential shareholders to act cautiously when buying or selling company shares.
