Business Daily Media

The Times


.

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 …

  1. 2024 Taipei 101 Run Up Sign-up to Start
  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

News from Asia

Andrea Bocelli Celebrates 30 Years Anniversary Tour of Romanza with Two Spectacular Concerts in Indonesia

Two Wonders, One Voice Borobudur Temple, Magelang – October 31, 2026 Jakarta International Expo Kemayoran, Jakarta - November 3, 2026 JAKARTA, INDONESIA – Media OutReach ...

Wel-Bloom to Showcase Functional Jelly Innovations at Vitafoods Asia 2026

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 August 2026 - Wel-Bloom Bio-Tech Corporation will present functional jelly concepts at Vitafoods Asia 2026 in Bangkok, highlighting jelly's ve...

Allianz Trade in Asia Pacific appoints China CEO

HONG KONG SAR - Media OutReach Newswire - 20 August 2026 - Allianz Trade in Asia Pacific is pleased to announce Scott Munafò has been appointed China CEO with effect from 1 September 2026...

Mudah.my Brings Cars to Carousell Malaysia, Giving Dealers a New Way to Reach Millions More Buyers

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 August 2026 - Mudah.my today announced that its car inventory is now available on Carousell Malaysia, giving used-car dealers access to a new ...

DP World Accelerates Contract Logistics Expansion Across Southeast Asia with New Warehouse in Malaysia

New facility investment in Johor further expands our end-to-end supply chain capabilities across South Malaysia. Our wider warehousing footprint continues to rapidly grow across S...

METiS TechBio Officially Moves into Nexxus Building

Trivium Accelerates Asset Enhancement to Inject Innovative Momentum into Traditional Grade-A LandmarkHONG KONG SAR – Media OutReach Newswire – 20 August 2026 – As leasing activity in Hong Kong's c...

Tesson Holdings Limited Launches "Tesson Smart Energy" Strategy to Accelerate Industrial Deployment of New Energy Ecosystem in Mainland China and Hong Kong

HONG KONG SAR – Media OutReach Newswire – 20 August 2026 – Tesson Holdings Limited (Stock Code: 01201.HK) recently hosted the "Tesson Smart Energy: Recharged & Ready" 2026 Brand Evolution &...

Three Kingdoms: Throne War Opens Pre-Registration Across Six Southeast Asian Markets Featuring Mark Lee as the Witty Alliance Lord

SINGAPORE – Media OutReach Newswire – 20 August 2026 – Three Kingdoms: Throne War, a brand-new Three Kingdoms strategy mobile game developed by BBGame and published by Wayelite Entertainment Tech ...

ZJLD Group Announces FY2026 Interim Results

Navigating Market Cycles with Operational Resilience, Core Business Stabilizes and Rebounds, Marking a Strategic Turnaround and New Growth PhaseHONG KONG SAR - Media OutReach Newswire - 20 August ...

"Cheers from the Origin" Kicks Off as Carlsberg Asia Expands Ties with RedNote

Starring Shawn Dou, the campaign advances digital premiumisation across key Asia markets, accelerating online-to-offline conversionJoin Carlsberg Asia and Shawn on the journey to "Cheers from the O...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...