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Full Year 2023

Full Year 2023 Results

MILLENNIUM GROUP INTERNATIONAL HOLDINGS LIMITED ANNOUNCES FISCAL 2023 FULL FINANCIAL RESULTS

Hong Kong, October 30, 2023 -- Millennium Group International Holdings Limited (Nasdaq: MGIH) (the “Company”, “we”, “our”, “us” or “MGIH”), a long-established paper-based packaging solutions supplier headquartered in Hong Kong with operations mainly in the People’s Republic of China (“PRC”) and Vietnam, today announced its full fiscal year 2023 financial results ended June 30, 2023..

Fiscal Year 2023 Full Year Financial Results Compared to Fiscal Year 2022 Full Year

  •   Revenues were $45.6 million for the fiscal year ended June 30, 2023, a 31.2% decrease from $66.2 million for the fiscal year ended June 30, 2022;

  •   Gross profit was $9.1 million for the fiscal year ended June 30, 2023, or 19.9% of revenues compared to $16.3......

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