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Neo-Concept International Group Holdings Limited ( (NCI) ) has issued an update.
Neo-Concept International Group Holdings Limited reported a 1.7% increase in revenue to HK$79.3 million for the first half of 2024, driven by a significant rise in retail sales of its own branded apparel in the UK. The company achieved a net income of HK$1.4 million, reversing a loss from the previous year, largely due to expanded retail operations in London and increased gross profit. Despite higher administrative expenses due to operational growth, the company showed improved financial health, indicating positive implications for stakeholders.
More about Neo-Concept International Group Holdings Limited
Neo-Concept International Group Holdings Limited (NCI) is a one-stop apparel solution services provider that operates in the European and North American markets. The company offers services across the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production, quality control, and logistics management. NCI is committed to minimizing its environmental footprint through eco-friendly practices and sustainable solutions, selling its own branded products under the brand ‘Les100Ciels’ in the UK and online.
YTD Price Performance: -94.84%
Average Trading Volume: 1,268,019
Technical Sentiment Consensus Rating: Strong Buy
See more insights into NCI stock on TipRanks’ Stock Analysis page.
