US’ Jerash Holdings posts revenue of $68.1 mn in H1 FY24

American company Jerash Holdings saw a decline in H1 FY24 revenue to $68.1 million from $71.3 million in the previous year.
Gross profit also decreased to $10.9 million, with a reduction in gross margin from 19 per cent to 16.1 per cent.
Operating expenses rose slightly, leading to a lower operating income of $2 million and a net income of $864 thousand.

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