KBS Fashion Group Limited Reports Robust First Quarter 2019 Financial Results
KBS Fashion Group Limited (KBSF)
US:NASDAQ Investor Relations:
ir.kbsfashion.com
Company Research
Source: PR Newswire
SHISHI, China, June 3, 2019 /PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, today announced its unaudited financial results for the first quarter ended March 31, 2019.First quarter of 2019 Financial HighlightsNet revenues increased by 3.5% to $4.62 million for the first quarter of 2019 from $4.46 million for the same period of last year. Gross profit increased by 48.3% to $1.61 million for the first quarter of 2019 from $1.09 million for the same period of last year. Gross margin was 34.9% for the first quarter of 2019, compared to 24.0% for the same period of last year. Operating profit increased by 127.0% to $0.54 million for the first quarter of 2019 from operating loss of $2.01 million for the same period of last year. IFRS net income was $0.31 million, or $0.135 earnings per basic and diluted share, for the first quarter of 2019, compared to net loss of $1.90 million, or $0.886 loss p
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