SMOORE INTL's adjusted profit for the first quarter is 347 million RMB, an increase of 10.7%
SMOORE INTL (06969.HK) announced that for the first quarter ending in March, revenue was RMB 3.856 billion, an increase of 41.7% year-on-year, attributed to growth in business-to-business (ToB) operations and proprietary brand business. It recorded a profit of RMB 263 million, an increase of 36.6%, mainly benefiting from revenue and gross profit growth, as well as a reduction in distribution and sales expenses. Excluding share-based payment expenses, the adjusted profit was RMB 347 million, an increase of 10.7%
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