{"id":828434,"date":"2025-03-21T06:33:59","date_gmt":"2025-03-21T10:33:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brillia-announces-six-month-earnings-of-0-06-per-share-and-a-17-revenue-increase-for-the-six-months-ended-september-30-2024\/"},"modified":"2025-03-21T06:33:59","modified_gmt":"2025-03-21T10:33:59","slug":"brillia-announces-six-month-earnings-of-0-06-per-share-and-a-17-revenue-increase-for-the-six-months-ended-september-30-2024","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brillia-announces-six-month-earnings-of-0-06-per-share-and-a-17-revenue-increase-for-the-six-months-ended-september-30-2024\/","title":{"rendered":"BrilliA Announces Six-month Earnings of $0.06 per Share and a 17% Revenue Increase for the Six Months Ended September 30, 2024"},"content":{"rendered":"
\n

SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) — BrilliA Inc (NYSE American: BRIA)<\/strong>(\u201cBRIA\u201d<\/strong> or \u201cthe Company\u201d)<\/strong>, a leading one-stop service cross-border solution provider for ladies’ intimate apparel brands, today announced that, for the six-month ended September 30, 2024, the Company had revenue of $27,423,693, a 17% improvement compared with revenue of $23,483,537 for the same period in 2023.<\/p>\n

The Company reported revenue of $27.4 million, representing a 17% increase compared to $23.5 million in the same period of 2023. Net income for the six months ended September 30, 2024, was $1.13 million, or $0.06 per share, reflecting a negligible change from $1.13 million, or $0.06 per share, in the prior-year period.<\/p>\n

Revenue increased by 17%, driven primarily by a 38% rise in export sales to North America, contributing approximately $6.5 million. This was partially offset by a 56% decline in export sales to Europe, amounting to approximately $3.1 million.<\/p>\n

The Company\u2019s gross profit margin improved to 15.4% from 14.8% in the prior year period.<\/p>\n

Operating expenses increased by approximately 27%, or $0.6 million, primarily due to a 56% rise in employee benefit expenses ($0.56 million) and a 24% increase in other expenses ($0.20 million), which included travel, entertainment, license fees, and taxes.<\/p>\n

As a result of the above-mentioned factors, the Company\u2019s net income for the six months ended September 30, 2024, showed a slight increase to $1,132,224, compared with $1,131,819 in the prior-year period. Cash and cash equivalents as at September 30, 2024, were about $5.9 million compared with approximately $6.4 million as at March 31, 2024. Net cash used in operating activities for the six months ended September 30, 2024, was about $0.20 million, compared with about $0.68 million in the same period a year earlier. Total non-current liabilities at September 30, 2024, were about $1.71 million, compared with zero in the corresponding period in 2023.<\/p>\n

\u201cWe are quite excited by our financial performance in the first six months ended September 30 2024, especially our 38% growth in sales to North America,\u201d said BrilliA chief executive Kendrew Hartanto. \u201cWe were also successful in achieving an improvement in our gross profit margin, which, along with our 17% improvement in revenue, contributed to another profitable period for our Company.<\/p>\n

\u201cGoing forward, we expect North American sales to remain strong, and for our European intimate apparel sales to be boosted by our recently signed cooperation framework with the French luxury lingerie brand, Maison Lejaby.<\/p>\n

\u201cWe also expect our own DIANA lingerie brand to begin making significant contributions to overall revenue in Indonesia, Singapore, and other ASEAN countries later this year.\u201d<\/p>\n

\n About BrilliA Inc<\/strong>\n <\/p>\n

BrilliA is a one-stop service cross-border solution provider for ladies’ intimate apparel brands, managing sales and customer relationships with major clients like Fruit of the Loom, Hanes Brands Inc and H&M, with the expertise in handling sourcing, design, prototyping, supply chain to logistic management as well as quality control of products manufactured by independent third party manufacturing facilities for their customers worldwide.<\/p>\n

\n CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/strong>\n <\/p>\n

Certain statements in this press release are \u201cforward-looking statements\u201d as defined under the federal securities laws, including, but not limited to, the Company\u2019s expectations regarding the completion, timing and size of the proposed Offering and statements regarding the use of proceeds from the sale of the Company\u2019s shares in the Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company\u2019s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as \u201cbelieve\u201d, \u201cplan\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201cshould\u201d, \u201cseek\u201d, \u201cestimate\u201d, \u201cwill\u201d, \u201caim\u201d and \u201canticipate\u201d, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company\u2019s registration statement and other filings with the SEC.<\/p>\n

\n For further information, please contact:<\/strong>\n <\/p>\n

\n BrilliA Inc Contact:<\/strong>
\n
220 Orchard Road, Unit 05-01, Midpoint Orchard
Singapore 238852
(+65) 6235 3388
Email:\u00a0info@brilliaincorporated.com<\/a>\u00a0<\/p>\n

\n Investor Relations Inquiries:<\/strong>
\n
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email:\u00a0info@skylineccg.com<\/a><\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BRILLIA INC AND ITS SUBSIDIARIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n UNAUDITED INTERIM CONDENSED CONSOLIDATED\u00a0STATEMENTS\u00a0OF\u00a0PROFIT\u00a0OR\u00a0LOSS\u00a0AND\u00a0OTHER\u00a0COMPREHENSIVE\u00a0INCOME<\/strong>\n <\/td>\n<\/tr>\n
\n FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2023 AND 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Pro forma<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Successor<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Six months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six months ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0Note<\/strong>\n <\/td>\n\n September\u00a030,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n September\u00a030,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\u00a0<\/td>\n\u00a0<\/td>\n\u00a02024<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (Unaudited)*<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n USD<\/strong>\n <\/td>\n\u00a0<\/td>\n\n USD<\/strong>\n <\/td>\n<\/tr>\n
Revenue<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n23,483,537<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,423,693<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of materials<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,718,569<\/td>\n)<\/td>\n\u00a0<\/td>\n(15,090,191<\/td>\n)<\/td>\n<\/tr>\n
Contract manufacturers charges<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,281,609<\/td>\n)<\/td>\n\u00a0<\/td>\n(8,114,670<\/td>\n)<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,483,359<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,218,832<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income<\/td>\n\u00a0<\/td>\n17<\/td>\n\u00a0<\/td>\n48,291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,972<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17,985<\/td>\n)<\/td>\n\u00a0<\/td>\n(22,791<\/td>\n)<\/td>\n<\/tr>\n
Depreciation of right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(86,305<\/td>\n)<\/td>\n\u00a0<\/td>\n(229,348<\/td>\n)<\/td>\n<\/tr>\n
Employee benefit expense<\/td>\n\u00a0<\/td>\n18<\/td>\n\u00a0<\/td>\n(999,461<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,558,517<\/td>\n)<\/td>\n<\/tr>\n
Other expenses<\/td>\n\u00a0<\/td>\n19<\/td>\n\u00a0<\/td>\n(831,715<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,030,375<\/td>\n)<\/td>\n<\/tr>\n
Finance costs<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n(7,048<\/td>\n)<\/td>\n\u00a0<\/td>\n(67,760<\/td>\n)<\/td>\n<\/tr>\n
Net gain\/(loss) on impairment of financial assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(235,775<\/td>\n)<\/td>\n\u00a0<\/td>\n74,004<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Profit before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,353,361<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,439,017<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expenses<\/td>\n\u00a0<\/td>\n21<\/td>\n\u00a0<\/td>\n(221,542<\/td>\n)<\/td>\n\u00a0<\/td>\n(306,793<\/td>\n)<\/td>\n<\/tr>\n
\n Profit for the financial period<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,131,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,132,224<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Other comprehensive income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Items that may be reclassified subsequently to profit or\u00a0loss<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Loss)\/Gain on foreign currency translation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(33,214<\/td>\n)<\/td>\n\u00a0<\/td>\n41,056<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other comprehensive income, net of tax<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(33,214<\/td>\n)<\/td>\n\u00a0<\/td>\n41,056<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total comprehensive income for the period<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,098,605<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,173,280<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Profit attributable to:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Owners of the parent<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,130,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,130,677<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,547<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,131,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,132,224<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total comprehensive income attributable to:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Owners of the parent<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,097,652<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,171,692<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n953<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,588<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,098,605<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,173,280<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Weighted average number of ordinary shares<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
basic and diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,530,220<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,530,220<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Earnings per share attributable to ordinary shareholders<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
basic and diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n * For period prior to the acquisition, the Company is referred to as the Predecessor. For period after the acquisition, it is referred to as Successor. Please refer to \u201cNote 1 Group Reorganization\u201d\u00a0for detailed explanation.<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
The accompanying notes are an integral part of these unaudited interim consolidated financial statements.<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BRILLIA INC AND ITS SUBSIDIARIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<\/strong>\n <\/td>\n<\/tr>\n
\n AS OF MARCH 31, 2024 AND\u00a0SEPTEMBER 30, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Predecessor<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n As of<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Successor<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As of<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n September\u00a030,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (Pro forma<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Note<\/strong>\n <\/td>\n\n Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (Unaudited)*<\/strong>\n <\/td>\n<\/tr>\n
\n ASSETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\n USD<\/strong>\n <\/td>\n\u00a0<\/td>\n\n USD<\/strong>\n <\/td>\n<\/tr>\n
\n Non-current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, net<\/td>\n4<\/td>\n98,016<\/td>\n\u00a0<\/td>\n144,635<\/td>\n<\/tr>\n
Right-of-use assets<\/td>\n5<\/td>\n16,651<\/td>\n\u00a0<\/td>\n2,167,443<\/td>\n<\/tr>\n
Deferred offering costs<\/td>\n6<\/td>\n836,752<\/td>\n\u00a0<\/td>\n1,250,176<\/td>\n<\/tr>\n
Total non-current assets<\/td>\n\u00a0<\/td>\n951,419<\/td>\n\u00a0<\/td>\n3,562,254<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n7<\/td>\n7,093,579<\/td>\n\u00a0<\/td>\n9,968,764<\/td>\n<\/tr>\n
Trade and other receivables<\/td>\n8<\/td>\n12,204,289<\/td>\n\u00a0<\/td>\n11,112,834<\/td>\n<\/tr>\n
Amounts due from related parties<\/td>\n9<\/td>\n460,163<\/td>\n\u00a0<\/td>\n559,622<\/td>\n<\/tr>\n
Income tax recoverable<\/td>\n\u00a0<\/td>\n59,314<\/td>\n\u00a0<\/td>\n62,115<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n10<\/td>\n6,383,103<\/td>\n\u00a0<\/td>\n5,898,466<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n26,200,448<\/td>\n\u00a0<\/td>\n27,601,801<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n\u00a0<\/td>\n27,151,867<\/td>\n\u00a0<\/td>\n31,164,055<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n LIABILITIES AND EQUITY<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liabilities<\/td>\n11<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n1,708,501<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n1,708,501<\/td>\n<\/tr>\n
\n Current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade and other payables<\/td>\n12<\/td>\n16,649,567<\/td>\n\u00a0<\/td>\n17,052,169<\/td>\n<\/tr>\n
Amount due to a director<\/td>\n13<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n2,739<\/td>\n<\/tr>\n
Amount due to a shareholder<\/td>\n14<\/td>\n56,895<\/td>\n\u00a0<\/td>\n51,678<\/td>\n<\/tr>\n
Lease liabilities<\/td>\n11<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n423,490<\/td>\n<\/tr>\n
Income tax payable<\/td>\n\u00a0<\/td>\n2,304,921<\/td>\n\u00a0<\/td>\n2,611,714<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n19,011,383<\/td>\n\u00a0<\/td>\n20,141,790<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n19,011,383<\/td>\n\u00a0<\/td>\n21,850,291<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Capital and reserves<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share capital<\/td>\n15<\/td>\n500<\/td>\n\u00a0<\/td>\n6,660,500<\/td>\n<\/tr>\n
Translation reserve<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n41,015<\/td>\n<\/tr>\n
Merger reserve<\/td>\n\u00a0<\/td>\n717,901<\/td>\n\u00a0<\/td>\n(5,942,099)<\/td>\n<\/tr>\n
Retained earning<\/td>\n\u00a0<\/td>\n7,414,815<\/td>\n\u00a0<\/td>\n8,545,492<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n8,133,216<\/td>\n\u00a0<\/td>\n9,304,908<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-controlling interests<\/strong>\n <\/td>\n\u00a0<\/td>\n7,268<\/td>\n\u00a0<\/td>\n8,856<\/td>\n<\/tr>\n
\n Total shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n8,140,484<\/td>\n\u00a0<\/td>\n9,313,764<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and equity<\/strong>\n <\/td>\n\u00a0<\/td>\n27,151,867<\/td>\n\u00a0<\/td>\n31,164,055<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
The accompanying notes are an integral part of these unaudited interim consolidated financial statements.<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) — BrilliA Inc (NYSE American: BRIA)(\u201cBRIA\u201d or \u201cthe Company\u201d), a leading one-stop service cross-border solution provider for ladies’ intimate apparel brands, today announced that, for the six-month ended September 30, 2024, the Company had revenue of $27,423,693, a 17% improvement compared with revenue of $23,483,537 for the same period in 2023. The Company reported revenue of $27.4 million, representing a 17% increase compared to $23.5 million in the same period of 2023. Net income for the six months ended September 30, 2024, was $1.13 million, or $0.06 per share, reflecting a negligible change from $1.13 million, or $0.06 per share, in the prior-year period. Revenue increased by 17%, driven primarily by a 38% rise … <\/p>\n

Continue reading “BrilliA Announces Six-month Earnings of $0.06 per Share and a 17% Revenue Increase for the Six Months Ended September 30, 2024”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-828434","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBrilliA Announces Six-month Earnings of $0.06 per Share and a 17% Revenue Increase for the Six Months Ended September 30, 2024 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brillia-announces-six-month-earnings-of-0-06-per-share-and-a-17-revenue-increase-for-the-six-months-ended-september-30-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BrilliA Announces Six-month Earnings of $0.06 per Share and a 17% Revenue Increase for the Six Months Ended September 30, 2024 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) — BrilliA Inc (NYSE American: BRIA)(\u201cBRIA\u201d or \u201cthe Company\u201d), a leading one-stop service cross-border solution provider for ladies’ intimate apparel brands, today announced that, for the six-month ended September 30, 2024, the Company had revenue of $27,423,693, a 17% improvement compared with revenue of $23,483,537 for the same period in 2023. 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The Company reported revenue of $27.4 million, representing a 17% increase compared to $23.5 million in the same period of 2023. Net income for the six months ended September 30, 2024, was $1.13 million, or $0.06 per share, reflecting a negligible change from $1.13 million, or $0.06 per share, in the prior-year period. 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