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Stella International's Revenue Leaps Nearly 45% in Q4

MT Newswires ·  {{timeTz}}

03:47 AM EST, 01/14/2022 (MT Newswires) -- Stella International Holdings' (HKG:1836) consolidated revenue in the fourth quarter ended Dec. 31, 2021 surged 44.9% year over year to $405.8 million, according to a late Thursday filing.

For the year ended Dec. 31, revenue leapt 35.6% year on year to $1.54 billion.

The footwear products manufacturer attributed the growth to a sustained order rebound in its manufacturing business.

Stella said it is "cautiously optimistic" on order levels in this year's spring and summer seasons, and will focus on improving its margin as well as the production in its new factory in Indonesia.

The company will also continue to assess potential headwinds, such as the COVID-19 situation in Southeast Asia and China, and execute strategies as necessary.

Price (HKD): $9.00, Change: $+0.18, Percent Change: +2.04%

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