CIMC Enric Subsidiary Faces Sharp Financial Decline

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

CIMC Enric Holdings Limited reports a significant decline in revenue and net profit for its subsidiary CIMC Safeway in the first half of 2024, with revenue and net profit dropping by 45.78% and 67.88% respectively compared to the previous year. The financial indicators show a decrease in net cash flow from operating activities and a substantial dip in earnings per share, alongside a moderate decrease in total assets and net equity.

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