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Men's Weekly

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Stella Well Ahead of Schedule in Meeting Growth and Margin Expansion Targets in 2023

Well-Positioned to Capture Opportunities with Strong Net Cash Position

Highlights:

  • Well ahead of schedule in meeting operating margin and profit after tax CAGR target levels set out under our Three-Year Plan (2023 – 2025)
  • Average selling price ("ASP) increased by 4.2%
  • Further enhancement of customer portfolio, led by Luxury and high-end Fashion categories
  • Rationalisation of the Group's retail operation in Mainland China and exited all other physical points-of-sales worldwide
  • Gross profit margin expanded by 3.0 percentage points to 24.6%
  • Operating profit US$159.4m saw an increase of 18.2% year-on-year
  • Operating profit margin increased to 10.7% from 8.3% last year
  • Adjusted net profit increased by 23.5% to US$147.6 million
  • Strong net cash position of US$287.4 million (2022: US$206.1 million).

More Articles ...

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  2. Subsidiary of Singapore-owned Powerplus Group awarded licence to explore and mine copper, gold and manganese in Papua New Guinea
  3. Gaudí's legacy shines at NFT Korea Festival
  4. SIBUR undergoing business transformation to focus on Russian market
  5. CR Construction Announces Annual Results, Gross profit increased by nearly 20% YoY
  6. ETHxCAT Launches: A New Era of Blockchain Gaming for Cat Enthusiasts
  7. Local Corporate Services Company One Tax CM Offers Complimentary Tax Filing For The Needy & Non-Tech Savvy Individuals
  8. Prudential customers are the first to enjoy online nomination of beneficiary service using Sign with Singpass
  9. Forex trading robots: everything traders need to know about automatic trading systems - Octa
  10. QIC shares insights in Europe on the significant opportunities in decarbonisation and decentralisation
  11. NTT Receives "PropTech Integration Company of the Year – Silver" in the PropTech Excellence Awards 2024
  12. ICONSIAM’s ‘THAICONIC SONGKRAN CELEBRATION’ Draws Global Attention Promises 12 Days of Joy through Water Splashing and Cultural Activities for Visitors Worldwide
  13. BingX Introduces $SLERF $BOME, $CHATAI and $SMOLE Spots Trading As Solana (SOL) Becomes Popular
  14. Heartfelt Generosity: Adrian Cheng and Natalia Vodianova Arnault Celebrate the Success of The Children Ball in Support of Children with Special Needs
  15. Skyborn Announces Leadership Transition
  16. The Council of Indigenous Peoples' First Participation in the Berlin Tourism Expo: Promoting Classic Tribal Tours
  17. VinFast signs partnership with first distributor in Micronesia
  18. AlphaX Set to Airdrop Wealth-Creating Tokens
  19. AS Watson Group Appoints Clarice Au as the Managing Director of MoneyBack
  20. Volvo Cars taps TDCX to enhance customer experience for Europe

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