Lancy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 04:48 am EDT
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Lancy Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 891.900 million compared to CNY 586.527 million a year ago. Operating income was CNY 7.229 million compared to operating loss of CNY 24.354 million a year ago. Net income was CNY 35.205 million compared to net loss of CNY 3.174 million a year ago. Basic earnings per share from continuing operations was CNY 0.0796 compared to basic loss per share from continuing operations of CNY 0.0073 a year ago.
LANCY CO., LTD. is a China-based company, principally engaged in the design, manufacture and distribution of women's clothing. The Company provides upper outer garments, skirts, pants, coats and others, including T-shirts, knitted apparels, shirts, leisure pants, skirts, one-piece dresses, overcoats, cotton garments, down coats, jackets and leather coats, among others. The Company distributes its products primarily under brands named LANCY FROM 25, LIME FLARE, marie n°mary and MOJO S.PHINE. The Company distributes its products within domestic market and to overseas markets.