Nanjing Olo Home Furnishing Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 10:24 am EDT
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Nanjing OLO Home Furnishing Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,584.189 million compared to CNY 1,332.034 million a year ago. Operating income was CNY 269.611 million compared to CNY 192.128 million a year ago. Net income was CNY 219.553 million compared to CNY 154.007 million a year ago. Basic earnings per share from continuing operations was CNY 0.69 compared to CNY 0.49 a year ago.
Nanjing OLO Home Furnishing Co., Ltd. is a China-based company principally engaged in the design, research and development, manufacturing and sales of custom furniture products, as well as the provision of related services. The Company's main products include the integrated kitchen cabinets, custom wardrobes and full house custom furniture. The integrated kitchen cabinets solutions include the provision of overall kitchen style design, kitchen space planning, kitchen cabinets and appliances, as well as other ancillary products and related installation services. The full house custom furniture solutions include the overall design and space layout planning of living rooms, bedroom, study rooms and activity rooms, the supporting furniture and peripheral products, as well as related installation services.