Summary by Futu AI
giordano int'l limited announced unaudited business data for the quarter ended September 30, 2024, showing a 4.4% growth in quarterly sales due to strong performance in the major markets in Southeast Asia and online business in china. The increase in revenue for the quarter helped narrow the year-to-date revenue decline from -3.4% in mid-term performance to -1.0%, reflecting the company's emphasis on revenue growth and operational efficiency strategy. Inventory levels increased from HK$0.501 billion in 2023 to HK$0.63 billion, indicating the company's optimization of popular products to meet market demand. The board of directors stated that these results demonstrate a commitment to revenue growth, inventory optimization, and excellent operations, and have confidence in achieving long-term goals. The board also advised shareholders and potential shareholders to act cautiously when buying or selling company shares.