Stella International Holdings Limited (HK:1836) has released an update.
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Stella International Holdings Limited has announced a strong performance with its unaudited consolidated revenue up by 7.5% to US$770 million for the first half of 2024, driven by a significant 12.3% increase in sports category shipments. Despite a decrease in average selling prices, the company expects a net profit of at least US$90 million, marking a substantial improvement over the US$55.2 million recorded in the previous year. This positive outlook is attributed to higher shipment volumes, a better customer mix, and enhanced operating efficiency.
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