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Lanting Jishi's net profit for the first quarter of fiscal year 2024 is -$3.83 million, a 3.19% increase year-over-year.
On May 28, Lanting Jisi (stock code: LITB) released its financial report. The announcement shows that for the company’s fiscal 2024 first fiscal quarter, net profit attributable to common shareholders was -$38.30 million, up 3.19% year over year; revenue was $71.169 million, down 51.84% year over year.
Lanting Jisi Holdings Limited Liability Company was established on March 28, 2008, and registered in the Cayman Islands. The company is a global online retailer that provides products directly to consumers around the world. Through www.lightinthebox.com and www.miniinthebox.com, as well as other websites offering multiple major languages, it provides customers with a convenient way to buy a wide range of lifestyle products at favorable prices. The company offers products in categories including apparel and other general goods. Their innovative, data-driven business model enables them to provide customized products at scale, such as wedding dresses and evening gowns, to achieve optimal marketing, sales, and fulfillment.
(Data source: iFinD from Tonghuashun (300033))