Hong Kong's Moiselle's revenue rises to HK$64.62 mn in H1 FY24

28 Nov '23

2 min read

Pic: Moiselle

Insights

Moiselle International Holdings reported a revenue increase to HK$64.62 million in H1 FY24 from HK$56.13 million in H1 FY23, with a gross profit rise to HK$50.69 million.
Operational loss improved to HK$12.65 million, and pre-tax loss was HK$12.17 million.
Total loss for the period was HK$15.28 million, slightly lower than last year's HK$16.77 million.

Moiselle International Holdings, a Hong-Kong-based global player in the fashion industry, has reported a revenue of HK$64.62 million for the first half of fiscal year 2024 (H1 FY24), a climb from HK$56.13 million in H1 FY23. Despite the increase, gross profit improved to HK$50.69 million in 2023 from HK$42.32 million the previous year.

Other income for the period was HK$3.45 million, a decline from HK$7.48 million in 2022. The report also showed other gains and losses at HK$1.64 million, slightly higher than HK$1.36 million reported last year. Distribution and selling expenses decreased to HK$37.69 million from HK$39.23 million, while administrative and other operating expenses rose to HK$27.45 million from HK$24.84 million, the company said in a press release.

The loss from operations was recorded at HK$12.65 million in H1 FY24, showing an improvement over the HK$15.62 million loss in H1 FY23. The company noted a gain on the disposal of subsidiaries at HK$2.11 million. However, finance costs rose to HK$1.64 million, up from HK$0.82 million in the previous year.

Before tax, the company's loss stood at HK$12.17 million in H1 FY24, better than the HK$16.44 million loss in H1 FY23. After considering income tax expenses of HK$3.11 million, significantly higher than HK$0.33 million last year, the total loss for the period was HK$15.28 million, marginally less than the HK$16.77 million loss reported in H1 FY22.

Fibre2Fashion News Desk (DP)