trending Market Intelligence /marketintelligence/en/news-insights/trending/LDnVNS0KV8DHIT7Dib6E1w2 content esgSubNav
In This List

Metersbonwe Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Metersbonwe Q1 profit falls YOY

Shanghai Metersbonwe Fashion & Accessories Co. Ltd. said its normalized net income for the first quarter amounted to 2 fen per share, a decrease of 52.4% from 4 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 49.1 million yuan, a decline of 52.4% from 103.0 million yuan in the prior-year period.

The normalized profit margin declined to 3.0% from 5.6% in the year-earlier period.

Total revenue decreased on an annual basis to 1.75 billion yuan from 1.84 billion yuan, and total operating expenses declined year over year to 1.64 billion yuan from 1.67 billion yuan.

Reported net income decreased 63.6% on an annual basis to 38.8 million yuan, or 2 fen per share, from 106.5 million yuan, or 4 fen per share.

As of April 29, US$1 was equivalent to 6.20 yuan.