China Tourism Group Duty Free Corporation Limited Class H (HK:1880) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Tourism Group Duty Free Corporation Limited reports a decrease in total operating income, operating profit, and net profit for the first half of 2024, indicating a drop compared to the previous year’s figures. Despite a challenging external market environment, the company has seen a resurgence in its traditional duty-free business with increased revenue and profitability, particularly from Beijing and Shanghai airport stores. Additionally, they’ve strengthened their market share in Hainan and expanded both overseas and domestic operations, including winning bids for duty-free store rights at various international airports.
For further insights into HK:1880 stock, check out TipRanks’ Stock Analysis page.
