Volcano Spring Reports Widening Losses

Miji International Holdings Limited (HK:1715) has released an update.

Volcano Spring International Holdings Limited reported a decline in gross profit margin from 32.3% to 11.3% and an increased net loss of RMB 23,149,000 for the first half of 2024 compared to the previous year’s loss of RMB 20,610,000. Despite a rise in revenue to RMB 55,949,000, the company’s financial performance has deteriorated with higher net losses and lower gross profits. The unaudited interim results have been reviewed by the company’s audit committee.

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