Morris Holdings Ltd operates within the Upholstered household furniture sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Morris Holdings Ltd with three other
furniture companies in Asia:
Jaycorp Berhad
of MALAYSIA
(2019
sales of 321.95 million Malaysian Ringgits [US$75.86 million]
),
ModernForm Group Public Company Limited
of THAILAND
(3.05 billion Thai Bahts [US$97.12 million]
of which 78%
was Furniture Business), and
Zoy Home Furnishing Co Ltd
(1.07 billion Chinese Renmimbi [US$152.78 million]
of which 74%
was Functional sofa).
Sales Analysis.
During the year ended December of 2019, sales at
Morris Holdings Ltd were 980.30 million Chinese Renmimbi (US$140.01 million).
This
is
a
sharp
decrease of 39.1%
versus 2018, when the company's sales were 1.61 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 43.0% decline
in Manufacturing Segment, from 1.41 billion Chinese Renmimbi to 803.24 million Chinese Renmimbi.
.
However, these declines were partially offset by the increase in sales of
Retail Segment (up 8.7% to 241.86 million Chinese Renmimbi)
.