US’ Jerash Holdings’ revenue drops to $27.5 million in Q3FY24

Jerash Holdings’ revenue in the third quarter declined to $27.5 mn due to supply chain interruptions. Gross profit was $4.5 mn with a 16.2 per cent margin.
Operating expenses decreased, and new customer orders show growth potential.
CEO Sam Choi cites regional tensions affecting production, but expresses optimism about growth opportunities in Europe.

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