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Mulsanne Group's Profit Drops in H1 on Flat Revenue
Mulsanne Group Holding (01817.HK) achieved double-digit growth in revenue and gross profit in the first half of the year. The sales revenue of the main brand GXG increased by 6.2% year-on-year.
On August 23rd, Mulsanne Group Holdings (01817.HK) announced its interim performance. In the first half of 2024, the Group's total revenue was RMB 1.088 billion, a YoY growth of 0.3%. The gross margin was RMB 0.583 billion, a YoY growth of 1.0%, and the gross margin rate slightly increased to 53.6%. Due to (i) successful implementation of the group's brand promotion initiatives, (ii) enhanced product development to provide consumers with a better product experience, and (iii) the sales revenue growth of the group's main brand GXG of RMB 56.8 million or 6.2%, the group achieved a sales revenue growth of RMB 56.8 million or 6.2% as of June 30, 2024.
Mulsanne Group's Earnings Dip Despite Revenue Growth
Express News | Mulsanne Group Holding H1 Net Income RMB 6.8 Million
Express News | Mulsanne Group Holding H1 Revenue RMB 1,088.4 Million
Express News | Mulsanne Group Holding H1 Gross Profit RMB 583.3 Million
Read This Before Judging Mulsanne Group Holding Limited's (HKG:1817) ROENo Data
