CNT Group Limited Faces Sharp Revenue Decline

CNT Group Limited (HK:0701) has released an update.

CNT Group Limited reported a significant downturn in its 2024 interim financial results, with a 37.1% drop in revenue and an over threefold increase in losses per shareholder compared to the previous year. The company’s gross profit also fell by 18.3%, although the gross profit margin improved by 30%. The overall financial position shows a decrease in cash and cash equivalents and a slight reduction in the gearing ratio and net asset value per share.

For further insights into HK:0701 stock, check out TipRanks’ Stock Analysis page.