Apex Trader Funding - News
MUSINSA Achieving "Record High" with Nearly US$ 733 million in Sales, Up 40% Last Year, Continues to Generate Solid Revenue Both Online and Offline
With a consolidated sales figure of US$ 732.9 million, an increase of 40.2% compared to the previous year... Annual EBITDA up by 15.9% to US$ 61.93 million
Last year's calculation included the "one-time cost" of stock rewards paid out earlier this year... "Seeking revenue generation through cost-effective growth initiatives."
SEOUL, South Korea, April 9, 2024 /PRNewswire/ -- MUSINSA achieved a growth rate of over 40% in annual sales compared to the previous year, based on a steady growth trajectory in both online and offline fashion markets. Despite a somewhat sluggish domestic fashion market in the latter half of 2023, MUSINSA recorded a significant annual sales growth, reaching nearly US$ 733 million. Building on a recent organizational restructuring, MUSINSA aims to establish a stable foundation for revenue generation and growth for the current year.
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