Modern Avenue Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 19, 2022 at 07:34 am EDT
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Modern Avenue Group Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 385.23 million compared to CNY 511.95 million a year ago. Net loss was CNY 20.71 million compared to net income of CNY 7.32 million a year ago. Basic loss per share from continuing operations was CNY 0.0291 compared to basic earnings per share from continuing operations of CNY 0.0103 a year ago. Diluted loss per share from continuing operations was CNY 0.0291 compared to diluted earnings per share from continuing operations of CNY 0.0103 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.
MODERN AVENUE GROUP CO., LTD. 
