Chinese firm Pou Sheng International's revenue at $746.4 mn in Q1 FY24

14 May '24

1 min read

Chinese firm Pou Sheng International's revenue at $746.4 mn in Q1 FY24

Pic: Pou Sheng International / YYsports

Insights

Sportswear retailer Pou Sheng International Limited reported a Q1 FY24 revenue of RMB 5.40 billion (~$746.4 million), down 7.5 per cent from last year.
Operating profit dropped 16.6 per cent to RMB 277.3 million, and net profit decreased 20.7 per cent to RMB 181.7 million.
Operating profit margin fell to 5.1 per cent and net profit margin to 3.4 per cent.

China-based sportswear retailer Pou Sheng International Limited has reported unaudited revenue of Chinese Yuan (RMB) 5.40 billion (approximately $746.4 million) in the first quarter of fiscal 2024 (Q1 FY24), down 7.5 per cent from RMB 5.83 billion in Q1 FY23. Operating profit also saw a significant drop, falling 16.6 per cent to RMB 277.3 million from RMB 332.7 million in the previous year.

The company's profit for the period was RMB 181.7 million, a 20.7 per cent decrease from RMB 229.0 million in the same quarter of 2023. Similarly, profit attributable to owners of the company declined by 20.7 per cent, amounting to RMB 174.4 million compared to RMB 220 million last year.

Operating profit margin for Q1 FY24 was 5.1 per cent, reflecting a 0.6 percentage point decrease from 5.7 per cent in Q1 FY23. The net profit margin also dropped, down 0.5 percentage points to 3.4 per cent from 3.9 per cent in the previous year, the company said in a press release.

Fibre2Fashion News Desk (DP)

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