Giordano Int'l announced unaudited interim results for the six months ended June 30, 2024, showing revenue flat at fixed exchange rates, but down 3.4% due to exchange rate effects. Revenue in Greater China fell 5.1%, continuing its decline since the second half of 2023. Gross margin rose slightly to 58.9%, but gross margin was down 3.1% on an annual basis. Operating expenses accounted for 49.5% of revenue, mainly due to one-time expenses incurred in response to a special meeting. The company's shareholders' attributable net profit was HKD 0.12 billion, down from HKD 0.19 billion in the same period last year. In the second quarter, the company implemented a series of quick measures, which have shown initial results. Inventory remained stable, with a net inflow of HKD 0.265 billion in cash flow and a net cash balance of HKD 0.72 billion. Basic earnings per share were 7.4 Hong Kong cents, and the board of directors declared a midterm dividend of 8.0 Hong Kong cents per share.

Giordano Int'l announced unaudited interim results for the six months ended June 30, 2024, showing revenue flat at fixed exchange rates, but down 3.4% due to exchange rate effects. Revenue in Greater China fell 5.1%, continuing its decline since the second half of 2023. Gross margin rose slightly to 58.9%, but gross margin was down 3.1% on an annual basis. Operating expenses accounted for 49.5% of revenue, mainly due to one-time expenses incurred in response to a special meeting. The company's shareholders' attributable net profit was HKD 0.12 billion, down from HKD 0.19 billion in the same period last year. In the second quarter, the company implemented a series of quick measures, which have shown initial results. Inventory remained stable, with a net inflow of HKD 0.265 billion in cash flow and a net cash balance of HKD 0.72 billion. Basic earnings per share were 7.4 Hong Kong cents, and the board of directors declared a midterm dividend of 8.0 Hong Kong cents per share.