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Red Dragonfly sees 78% net profit increase

18/08/2023
Red Dragonfly sees 78% net profit increase

Chinese leather shoemaker Red Dragonfly, headquartered in Wenzhou, the country's 'shoes capital', has reported a 78% rise in parent company net profits for the first half.

The business attributed this growth to a 33.6%, 35.3% and 38.9% increase to its gross profit margins between 2021 and 2023.  

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