Modern Avenue Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 05:17 am EDT
Share
Modern Avenue Group Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 276.57 million compared to CNY 374.28 million a year ago. Revenue was CNY 276.57 million compared to CNY 374.28 million a year ago. Net income was CNY 14.62 million compared to CNY 7.11 million a year ago. Basic earnings per share from continuing operations was CNY 0.0205 compared to CNY 0.01 a year ago. Diluted earnings per share from continuing operations was CNY 0.0205 compared to CNY 0.01 a year ago.
Modern Avenue Group Co., Ltd., formerly Guangzhou CANUDILO Fashion & Accessories Co.,Ltd., is principally engaged in the research, development, design, brand marketing and retail management of men's clothing. The Company's men's clothing products consist of business series and vacation series, including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products and accessories, among others. The Company is also involved in agent sale of garments, cases and leather products under international brands. Through its subsidiaries, the Company is also engaged in the research, development and manufacturing of mobile application products.