Zhejiang Giuseppe Garment Second Quarter 2024 Earnings: EPS: CN¥0.041 (vs CN¥0.078 in 2Q 2023)
Zhejiang Giuseppe Garment (SZSE:002687) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥265.6m (down 26% from 2Q 2023).
- Net income: CN¥23.0m (down 47% from 2Q 2023).
- Profit margin: 8.7% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.041 (down from CN¥0.078 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhejiang Giuseppe Garment Earnings Insights
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.
Performance of the Chinese Luxury industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
Be aware that Zhejiang Giuseppe Garment is showing 2 warning signs in our investment analysis that you should know about...
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About SZSE:002687
Zhejiang Giuseppe Garment
Produces and sells business wear, men's wear, and casual wear under the George White brands in China.
Flawless balance sheet, undervalued and pays a dividend.