Merchant House International Limited (AU:MHI) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Merchant House International Limited reported a busy quarter with a significant divestment of their 33.79% stake in Tianxing for A$8.3 million, the closure of Footwear Industries of Tennessee due to prolonged losses, and a notable 17% increase in shipments for their home textiles division, AMI. Despite challenges in the retail sector, AMI’s sales rose to US$1,237 thousand. The company ended the quarter with a cash balance of A$6,160 thousand, after incurring various operational expenditures.
For further insights into AU:MHI stock, check out TipRanks’ Stock Analysis page.