Home / Knowledge / News / Apparel/Garments / Q1 revenue at OmniaLuo up by 288%
Q1 revenue at OmniaLuo up by 288%
19
May '08
OmniaLuo Inc has announced operating results for the quarter ended March 31, 2008.

OmniaLuo reported revenue of approximately $2.5 million for the quarter ended March 31, 2008, compared to approximately $0.7 million for the quarter ended March 31, 2007 – a 288% increase.

Revenue from sales to independent distributors for the quarter ended March 31, 2008 was approximately $1.7 million (65.6% of total sales revenue for the period), compared to approximately $0.5 million for the quarter ended March 31, 2007 - a 226% increase.

The increase in revenue from independent distributors was attributable to the increase in the number of independent distributor stores from 92 stores as of March 31, 2007 to 135 stores as of March 31, 2008, as well as an increase in sales by existing independent distributor stores.

Revenue from sales from Company-owned and co-owned stores for the quarter ended March 31, 2008 was approximately $0.9 million (34.4% of total sales revenue for the period), compared to approximately $0.1 million for the quarter ended March 31, 2007 - a 506% increase.

The higher increase in revenue from Company-owned and co-owned stores reflected the very high rate of increase in the number of Company-owned and co-owned stores from 11 such stores as of March 31, 2007 to 61 such stores as of March 31, 2008.

OmniaLuo reported overall gross profit for the quarter ended March 31, 2008 of approximately $1.5 million, compared to approximately $0.4 million for the quarter ended March 31, 2007 – a 287% increase.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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