Modern Avenue Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 25, 2020 at 08:14 am EDT
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Modern Avenue Group Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 302.541 million compared to CNY 702.661 million a year ago. Operating income was CNY 63.279 million compared to CNY 37.120 million a year ago. Net income was CNY 35.413 million compared to CNY 31.251 million a year ago. Basic earnings per share from continuing operations was CNY 0.0497 compared to CNY 0.0439 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. 
