Casablanca Group Ltd. ( (HK:2223) ) has shared an update.
Casablanca Group Limited has announced its audited consolidated results for the year ending December 31, 2024, reporting a 13% decline in revenue to HK$247,058,000 and a significant increase in loss attributable to owners by 110.9% to HK$9,786,000. The company faced challenges with a reduced gross profit margin and increased net loss margin, indicating operational difficulties. Despite a slight increase in cash reserves, the overall financial performance reflects a challenging year, impacting stakeholders and potentially affecting the company’s market positioning.
More about Casablanca Group Ltd.
Casablanca Group Limited is incorporated in the Cayman Islands and operates within the home textiles industry. The company is primarily focused on producing and distributing a wide range of bedding products, catering to various market segments.
Average Trading Volume: 95,714
Technical Sentiment Signal: Buy
Current Market Cap: HK$67.04M
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