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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.

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