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Esprit Holdings ( (HK:0330) ) has shared an update.
Esprit Holdings Limited announced a significant reduction in its net loss for the year ending December 2024, reporting a loss of HK$1,172 million compared to HK$2,339 million the previous year. This improvement is attributed largely to a one-off gain from deconsolidation and cost reductions, despite decreased revenue and substantial impairment losses. The company is transitioning towards a more sustainable, asset-light business model, aiming to mitigate the impacts of inflation, high interest rates, and legacy costs. The final results are pending and may be subject to adjustments.
More about Esprit Holdings
Esprit Holdings Limited is a company in the apparel industry, known for its clothing and fashion products. The company has been focusing on transitioning from a traditional business model with significant capital expenditures for manufacturing, distribution, and retail operations to an asset-light, licensing-focused model aimed at maximizing the monetization of Esprit’s global brand in a sustainable manner.
YTD Price Performance: -25.00%
Average Trading Volume: 29,125
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $44.02M
Find detailed analytics on 0330 stock on TipRanks’ Stock Analysis page.
