Home / Knowledge / News / Apparel/Garments / Women's apparel firm to focus on international expansion
Women's apparel firm to focus on international expansion
01
Apr '08
OmniaLuo Inc, a China-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OMNIALUO, has announced operating results for the quarter and year ended December 31, 2007.

OmniaLuo reported revenue of approximately $2.7 million for the quarter ended December 31, 2007, compared to approximately $1.5 million for the quarter ended December 31, 2006 -- an 80% increase. OmniaLuo reported revenue of approximately $7.9 million for the year ended December 2007.

Since the Company was incorporated on August 11, 2006 and only began sales in the fourth quarter of 2006, a year-on-year comparison is not meaningful. The increase in revenue was attributable to the increase in the number of retail stores from 84 at year end 2006 to 184 at year end 2007.

OmniaLuo also reported operating income of approximately $0.5 million for the quarter ended December 31, 2007, compared to approximately $0.5 million for the quarter ended December 31, 2006. OmniaLuo reported operating income of approximately $1.2 million for the year ended December 31, 2007.

Excluding approximately $1.0 million of charges associated with its 2007 reverse acquisition through a share exchange with Wentworth II Inc and private placement transactions, OmniaLuo would have reported operating income of approximately $2.2 million for the year ended December 31, 2007.

OmniaLuo reported net income of approximately $0.5 million for the quarter ended December 31, 2007, compared to net income of approximately $0.4 million for the quarter ended December 31, 2006 -- a 25% increase. The Company reported a net loss of approximately $1.1 million for the year ended December 31, 2007.

Excluding approximately $1.0 million of charges associated with its 2007 reverse acquisition through a share exchange with Wentworth II Inc and private placement transactions and $2.3 million of non-cash charges arising from the return of escrowed shares from escrow to the Company's chief executive officer and another stockholder (explained below), OmniaLuo would have reported net income of approximately $2.2 million for the year ended December 31, 2007.

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search