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An update from YesAsia Holdings Limited ( (HK:2209) ) is now available.
YesAsia Holdings Limited has announced a significant increase in its unaudited consolidated net profit for the reporting year, projecting not less than US$19.0 million compared to US$7.6 million in the prior year, marking a 150% growth due to heightened revenues and gross profit. The company attributes this growth to enhanced marketing efforts on YesStyle Platforms and the expansion of AsianBeautyWholesale, although the gross profit margin saw a slight decline due to the larger share of B2B sales, which typically have lower markups.
More about YesAsia Holdings Limited
YesAsia Holdings Limited is a Hong Kong-based company specializing in e-commerce platforms, primarily focused on the sale of beauty products through its YesStyle Platforms and AsianBeautyWholesale. The company caters to both individual consumers and business-to-business (B2B) customers seeking Asian beauty products globally.
YTD Price Performance: 9.48%
Average Trading Volume: 559
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €264.8M
See more data about 2209 stock on TipRanks’ Stock Analysis page.