CIMC Enric Subsidiary Faces Declining Q3 Profits

CIMC Enric Holdings (HK:3899) has released an update.

CIMC Enric Holdings’ subsidiary, CIMC Safeway, reported a significant decline in its financial performance for the third quarter of 2024, with revenue dropping by 24.23% and net profit plummeting by 49.32% compared to the same period last year. The company’s basic earnings per share also decreased by 56%, highlighting challenging economic conditions and operational hurdles.

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