Odd Molly Q2 FY20: revenue SEK 38 mn; net loss SEK 11.2 mn

Fashion

29 Aug `20

1 min read

Odd Molly International, a designer and seller of fashion and other lifestyle products for girls, posted 40 per cent decrease in its revenue to SEK 37.7 million during second quarter (Q2) for FY20 ended on June 30, 2020 compared to SEK 62.7 million in same period last year. Company incurred a net loss of SEK 11.2 million (Q2 FY19: SEK 19.2 million).

Odd Molly International, a designer and seller of fashion and other lifestyle products for girls, posted 40 per cent decrease in its revenue to SEK 37.7 million during second quarter (Q2) for FY20 ended on June 30, 2020 compared to SEK 62.7 million in same period last year. Company incurred a net loss of SEK 11.2 million (Q2 FY19: SEK 19.2 million).#

Company’s gross profit margin during the quarter rose to 62.2 percent compared to 50.6 per cent in Q2 FY19. However, operating loss came down to SEK 9.3 million (SEK 17.9 million).

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