Stella Holdings (01836.HK) announced in a statement on August 22 that for the six months ended June 30, 2024, revenue increased by 7.5% to $0.77 billion; gross margin increased by 2.7 percentage points to 25.8%, and the reported operating profit margin increased from 9.0% in the same period last year to 12.9%; adjusted net profit increased by 54.1% to $92.9 million, and a mid-term dividend of 65 Hong Kong cents per share was declared.
During the reporting period, shipments increased by 12.3%, mainly driven by sports footwear products. The net cash position is strong, amounting to $0.3261 billion, compared to $0.1625 billion as of June 30, 2023.
