Ulferts International Faces Revenue Decline

Ulferts International Limited (HK:1711) has released an update.

Ulferts International Limited reported a downturn in its annual financial results for the year ended March 31, 2024, with total revenue falling to HK$171.6 million and a net loss of HK$25.0 million due to sluggish furniture demand amidst challenging market conditions. The Group, a leading retailer of high-quality European home furniture in Hong Kong, operates 24 points-of-sale and has been enhancing its online presence to boost market reach.

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