Casablanca Group Reports Revenue and Profit Decline

Casablanca Group Ltd. (HK:2223) has released an update.

Casablanca Group Ltd. has reported a decline in revenue and gross profit by 12.4% in the first half of 2024 compared to the previous year, with a slight increase in the loss attributable to owners by 1.5%. The company’s total assets and equity also decreased by 5.6% and 3.8% respectively. Despite these challenges, there were no bank borrowings, maintaining a gross gearing ratio of 0%.

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