Home / Knowledge / News / Apparel/Garments / Women's apparel company OmniaLuo revenue up by 98%
Women's apparel company OmniaLuo revenue up by 98%
19
Aug '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, announced record operating results for the quarter and six months ended June 30, 2008.

OmniaLuo reported record revenue of approximately $3.7 million for the quarter ended June 30, 2008, compared to approximately $1.9 million for the quarter ended June 30, 2007 – a 98% increase. For the six months ended June 30, 2008, OmniaLuo reported record revenue of approximately $6.3 million, compared to approximately $2.5 million for the six months ended June 30, 2007 – a 147% increase.

The substantial increase in revenue was primarily attributable to the increase in the number of independent distributors and stores, as well as the increase in sales by existing independent distributors and stores.

Revenue from sales to independent distributors for the quarter ended June 30, 2008 was approximately $2.5 million (68% of total sales revenue for the period), compared to approximately $1.5 million for the quarter ended June 30, 2007 – a 65% increase.

Revenue from sales to independent distributors for the six months ended June 30, 2008 was approximately $4.2 million (67% of total sales revenue for the period), compared to approximately $2.0 million for the six months ended June 30, 2007 – a 106% increase.

The increase in revenue from independent distributors was attributable to the increase in the number of independent distributor stores from 99 stores as of June 30, 2007 to 145 stores as of June 30, 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 June 30, 2008 was approximately $1.2 million (32% of total sales revenue for the period), compared to approximately $0.35 million for the quarter ended June 30, 2007 – a 242% increase.

Revenue from sales from Company-owned and co-owned stores for the six months ended June 30, 2008 was approximately $2.1 million (33% of total sales revenue for the period), compared to approximately $0.5 million for the six months ended June 30, 2007 – a 319% increase.

The increase in revenue from Company-owned and co-owned stores reflected the increase in the number of Company-owned and co-owned stores from 38 such stores as of June 30, 2007 to 65 such stores as of June 30, 2008.

OmniaLuo reported overall gross profit for the quarter ended June 30, 2008 of approximately $2.2 million, compared to approximately $1.1 million for the quarter ended June 30, 2007 – a 105% increase. Overall gross profit for the six months ended June 30, 2008 was approximately $3.7 million, compared to $1.4 million for the six months ended June 30, 2007 – a 153% increase.

The Company also reported overall gross profit margin for the quarter ended June 30, 2008 of approximately 59%, compared to approximately 57% for the quarter ended June 30, 2007. Gross profit margin for the six months ended June 30, 2008 was 58%, compared to 57% for the six months ended June 30, 2007.


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
July 2017

July 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