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eCargo Holdings Limited (ASX: ECG) reported its FY22 financial results, showcasing record growth across key metrics. Revenue from continuing operations rose by 43.2% to HK$125.4 million, largely due to increased demand for imported products in China. The statutory NPAT reached HK$28.1 million, a significant improvement from HK$0.9 million in FY21. Excluding the sale of Amblique, NPAT surged 422% to HK$4.7 million. This success is attributed to exclusive brand partnerships and the expansion of proprietary technology platforms like JuJiaXuan, positioning the company for continued growth in 2023.
eCargo Holdings Limited (ASX:ECG) and McPherson’s Limited (ASX:MCP) have entered an exclusive distribution partnership for McPherson’s A’kin skincare and haircare line in China. eCargo will manage supply chain services, distribution, and eCommerce operations to boost A’kin's growth in a skincare market valued at US$22.9 billion in 2022.
The agreement spans 12 months with possibilities for extension and includes operations on Tmall Global. eCargo aims to leverage its experience in China to maximize sales and brand growth for A’kin.
eCargo Holdings Limited (ASX:ECG) reported its first net profit of
eCargo Holdings Limited (ASX:ECG) and CN Logistics International Holdings Limited have reported remarkable growth for the 品酒坊 PinJiuFang Wine Marketplace (pjfwines.com), achieving 200% monthly sales growth since its launch in August. The platform now offers over 20,000 wines sourced from 15 countries, with an average order size of AUD400. Unique user visits have increased by over 100% month-on-month, accompanied by an average browsing session of seven minutes. CEO Lawrence Lun emphasized the platform's success in meeting the demand for premium wines in China.
eCargo Holdings Limited (ASX:ECG) has announced an exclusive partnership with UK-based Mellow to distribute CBD products in Asia. This collaboration includes the creation of a joint venture, 'mellow asia', which will leverage eCargo's distribution expertise to help brands penetrate the Asian market. The global CBD market is projected to reach USD 18 billion by 2025, with Asia being a significant growth area. The partnership will primarily focus on Hong Kong and Southeast Asia initially, expanding into India and Japan through existing marketplaces by 2022.
On February 3, 2021, Damstra Holdings announced the formation of a North American Advisory Board to drive growth in the region. The board features industry veterans Tim Davis, Ray Gogel, Pam Saxton, and Ray Schiavone, who collectively possess over 120 years of experience in technology, mining, and energy. Executive Chairman Johannes Risseeuw emphasized that their expertise and connections will be crucial for executing the company's North American growth strategy, with initial appointments starting March 1, 2021.
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