Parent Company of China's Top Sensitive Skin Brand Expects to over $723M
- Chaileedo Press
- Aug 30, 2022
- 3 min read
Updated: Aug 31, 2022
Winona's parent company BTN's revenue increased 45.19% year-on-year and the main source of revenue is still its iconic brand Winona, accounting for more than 98%.
On August 28, Winona's parent company BTN released its 2022 semi-annual report. The report showed that the company achieved operating revenue of $296 million in the first half of the year, up 45.19% year-on-year. Its net profit attributable to shareholders of the listed company was $57.1 million, soaring 49.06% year-on-year.
Under the dual impact of uncertain fluctuations in the macro environment at home and abroad and COVID-19, BTN still achieved high double-digit growth. Its iconic brand Winona achieved sales of about $290.5 million in the first half of the year.
Financial data show that despite of revenue and net profit attributable to the listed company being 45.19% and 49.06% growth, respectively, BTN’s net profit attributable to the listed company was $51.3 million, an increase of 40.50% year-on-year. BTN said that the revenue growth driver is mainly the company's sales scale increased during the reporting period compared with the same period of the previous year.
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