THE WHAT? Chinese beauty company Mao Geping Cosmetics has reported double-digit revenue and profit growth for the first half, with revenue increasing 26.2 percent year on year to RMB3.27 billion.

THE DETAILS Mao Geping Cosmetics reported first-half earnings of RMB805.45 million, up from RMB669.77 million in the previous year, representing growth of approximately 20 percent. Earnings per share increased to RMB1.64 from RMB1.37, while revenue rose from RMB2.59 billion to RMB3.27 billion.

THE WHY? The results demonstrate continued growth momentum for one of China’s leading domestic prestige cosmetics companies, highlighting the increasing commercial strength of homegrown Chinese beauty brands.

Source: RTTNews

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Source: Global Cosmetics News (https://www.globalcosmeticsnews.com/)

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