Profit Growth Slows At China Billionaire's Down Jacket Maker Bosideng [Forbes]
BOSIDENG INTL HL UNSP/ADR (BSDGY)
NASDAQ:AMEX Investor Relations:
company.bosideng.com/eng/ir/finhigh.htm
Company Research
Source: Forbes
Stock Exchange today after the company posted relatively small gains in profit and sales during the six months ending on September 30. Sales for the period increased by 1.4% from a year earlier to 8.9 billion yuan, or $1.2 billion, helping to lift profit by 5.3% to approximately 1.2 billion yuan, the apparel maker said after the close of trade on Thursday. By contrast, sales in the six months ending Sept. 30, 2024 rose by nearly 18% year-on-year, and net profit increased 23%. “The intricate and complex international environment, coupled with geopolitical tensions and frequent adjustments to international trade policies, has introduced numerous uncertainties into the external landscape,” Bosideng said in a statement. On the upside, Bosideng said it “has seized the opportunities arising from the consumer market's growing emphasis on personalization, quality and diversity, continuously (deepening) its open and innovative strategies in a customer-centric way'” Bosideng's stock has g
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