{"id":134067,"date":"2023-08-22T05:39:10","date_gmt":"2023-08-22T05:39:10","guid":{"rendered":"https:\/\/fin2me.com\/?p=134067"},"modified":"2023-08-22T05:39:10","modified_gmt":"2023-08-22T05:39:10","slug":"miniso-q4-results-climb-declares-dividend-sees-sales-growth-in-q1","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/miniso-q4-results-climb-declares-dividend-sees-sales-growth-in-q1\/","title":{"rendered":"MINISO Q4 Results Climb, Declares Dividend; Sees Sales Growth In Q1"},"content":{"rendered":"

MINISO Group Holding Ltd. (MNSO), a Chinese value retailer of design-led lifestyle products, reported Tuesday that its fourth-quarter profit attributable to equity shareholders was RMB539.33 million or $75.43 million, an increase of 162.4 percent from last year’s RMB204.84 million.<\/p>\n

Earnings per ADS were RMB1.72 or $0.24 in this quarter, representing an increase of 152.9 percent from RMB0.68 in the same period of 2022.<\/p>\n

Adjusted net profit was RMB571.2 million or $78.8 million, up 156.3 percent year-over-year. Adjusted earnings per ADS were RMB1.80 or $0.25, compared to RMB0.72 a year ago.<\/p>\n

Revenue was RMB3.25 billion or $448.5 million, 40.3 percent higher than last year’s RMB2.32 billion. Revenues were primarily driven by a 39.4 percent year-over-year increase in China, and a 42 percent increase in revenue from overseas markets<\/span>.<\/p>\n

Further, for fiscal year 2023, the Board approved the distribution of a final cash dividend of $0.412 per ADS or $0.103 per ordinary share, payable as of the close of business<\/span> on September 19 to the holders of ADS and ordinary shares of record as of the close of business on September 7.<\/p>\n

Looking forward into the September quarter, the company expects sales to continue to grow strongly on a year-over-year basis, driven by better store-level performance and store network expansion. Meanwhile, margin profile will continue to optimize on a year-over-year basis.<\/p>\n

In Hong Kong, MINISO shares were trading at HK$40.00, up 2 percent.<\/p>\n

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MINISO Group Holding Ltd. (MNSO), a Chinese value retailer of design-led lifestyle products, reported Tuesday that its fourth-quarter profit attributable to equity shareholders was RMB539.33 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nMINISO Q4 Results Climb, Declares Dividend; Sees Sales Growth In Q1 - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/miniso-q4-results-climb-declares-dividend-sees-sales-growth-in-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MINISO Q4 Results Climb, Declares Dividend; Sees Sales Growth In Q1 - Fin2me\" \/>\n<meta property=\"og:description\" content=\"MINISO Group Holding Ltd. 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