Glonghui, May 10 | IDT INT'L (00167.HK) announced that in order to raise market awareness of the “Oregon Scientific” brand and promote and display products in the retail market, the company is pleased to announce that it has recently achieved the following results: 1. Develop and start operating its own online retail platform (to provide products to the global retail market; 2. Open an online store in Noon (an online platform headquartered in Dubai) to enable the Group to provide products to the Middle East market; and 3. MercadoLibre (Latin America's largest) (Online platform) Set up an online store to enable the Group to supply products to the Latin American market.
In order to further expand the Group's business and meet the growing needs of retail customers, the Group will also strive to enrich its differentiated product portfolio, increase market share, and obtain better economic benefits. According to the unaudited management accounts for the first quarter of 2024, the Group's unaudited revenue (mainly from the sale of fashion electronics products) was approximately HK$12 million.
Looking ahead, the Group has received orders in excess of HK$40 million, which are expected to be completed and delivered in the next quarter. Specifically, orders over HK$5 million were successfully delivered in April 2024. Management believes that this positive momentum reflects an upward trend in sales and highlights the Group's ability to effectively meet customer needs, laying the foundation for the company's good performance in the next few months and throughout 2024.
The suspension continues.