Modern Avenue Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 26, 2021 at 08:44 am EDT
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Modern Avenue Group Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 193.934 million compared to CNY 302.541 million a year ago. Operating loss was CNY 8.914 million compared to operating Income of CNY 63.279 million a year ago. Net loss was CNY 20.424 million compared to net income of CNY 35.413 million a year ago. Basic loss per share from continuing operations was CNY 0.0287 compared to basic earnings per share from continuing operations of CNY 0.0497 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. 
