Ever-Glory International Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 01:33 pm EST
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Ever-Glory International Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 106.44 million compared to USD 94.41 million a year ago. Net loss was USD 6.12 million compared to USD 3.22 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.22 a year ago.
For the nine months, sales was USD 235.02 million compared to USD 225.78 million a year ago. Net loss was USD 8.81 million compared to USD 6.16 million a year ago. Basic loss per share from continuing operations was USD 0.59 compared to USD 0.42 a year ago.
Ever-Glory International Grou, Inc is a China-based company mainly engaged in retailing of branded fashion apparel and providing global apparel supply chain solution. The Company mainly operates through two segments. The Wholesale segment is mainly engaged in wholesale-channel sales made principally to domestically and internationally recognized brands, and department stores located throughout Europe, the U.S., Japan and the People's Republic of China (PRC). The segment focus on well-known, middle-to-high end casual wear, sportswear, and outerwear brands. The Retail segment is mainly engaged in retail-channel sales directly to consumers through retail stores located throughout the PRC as well as sales via online stores at Tmall, Dangdang mall, JD.com, VIP.com and others.
EVER-GLORY INTERNATIONAL GROUP, INC. 
