Cabbeen earned 210 million yuan in 2018 and its gross profit rate fell to 45.4%
Mar 08, 2019 ｜ by CT
In the year ending December 31, 2018, domestic apparel group's Cabbeen Fathion Limited income increased by 16.9% to 1.273 billion yuan, while net profit increased by 3.5% to 210 million yuan, but gross profit rate fell to 45.4%. Cabbeen said in his earnings report that the increase in revenue was mainly due to the expansion of online retail channels and the reduction of product repurchase, while the decrease in gross profit rate was due to the increase of 3.68 million yuan in the reserve for integral rebate and the increase in discounts for selling out-of-season products. As of Friday's close, Cabbeen's share price fell 4.85% to HK$1.96 per share, with a current market value of about HK$1.31 billion.
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