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EEKA Fashion Announces 2021 Annual Results, Double-digit Revenue and Profit Growth Driven by Multi-Brand Strategy

indie
5 minutes

HONG KONG, Mar 28, 2022 - (ACN Newswire via SEAPRWire.com) - EEKA Fashion Holdings Limited (Ticker: 3709.HK, "EEKA" or "the Group") announced unaudited consolidated annual results for the year ended 31 December 2021 ("the period"). In 2021, the Group's revenue increased 19.3% year-on-year to RMB6.4 billion. Gross profit was RMB4.8 billion, representing an increase of 21.2% year-on-year. The gross profit rate was 74.6%. Net profit increased by 28% to RMB562 million.Mr. Jin Ming, Founder and CEO of EEKA Fashion, said "Based on EEKA's multi-brand strategy, we are committed to providing high-quality products to meet our customer's needs, to further empower the intellectual, elegant, and modern styles for women. EEKA focuses on enhancing our core operational capabilities through innovative research and design, supply chain digitalization, and membership management. With our platform-based multi-brand strategy, we will continue to grow our business amid positive market outlooks, and to fuel the innovations within the industry with our leading position. With that, we are confident in achieving the goal of exceeding 10 billion retail sales by 2023."During the period, the Group recorded str...

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EEKA Fashion Announces 2021 Interim Results, Record-Breaking Sales and Profit Growth Driven by Multi-Brand Strategy

indie
4 minutes

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - EEKA Fashion Holdings Limited (Ticker: 3709.HK, "EEKA" or "the Group") announced unaudited consolidated interim results for the six months ending on 30 June 2021 ("the period").In the first half of 2021, the Group's revenue increased 53.7% year-on-year to RMB3.08 billion. Gross profit was RMB2.26 billion, representing an increase of 53.3%. The gross profit rate was 73.5%. Net profit increased by 134.2% to RMB280 million (net profit was RMB330 million excluding share award scheme fees).Operational SummaryDuring the period, the Group recorded strong revenue growth by improving the operations of its offline retail channels and online e-commerce platforms. In terms of offline sales, the Group leveraged its retail channels, and achieved sales of RMB2.44 billion from its 1,490 retail stores in the first half of 2021. As for online sales, the Group has enhanced the operation of multi-e-commerce platforms, with Tmall, VIP.com and EEKA Fashion Mall as the key sales drivers. The revenue of e-commerce platforms increased by 41.7% to RMB386 million during the period, and the proportion of the Group's total revenue is increasing stead...