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CNT Group Limited Reports Increased Losses Amid Revenue Decline

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CNT Group Limited Reports Increased Losses Amid Revenue Decline

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

CNT Group Limited reported a significant decline in its financial performance for the year ended December 31, 2024, with revenue dropping by 30.2% to HK$345.9 million and a gross profit decrease of 17.2%. The company experienced a loss of HK$89.4 million, up from the previous year’s loss of HK$85.2 million, indicating a challenging year. The loss attributable to shareholders increased by 12.8%, while the net asset value per share fell by 7.9%. These results highlight the company’s struggles in maintaining profitability and may impact its market positioning and stakeholder confidence.

More about CNT Group Limited

CNT Group Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 701. The company is involved in various business activities, although the specific industry and primary products or services are not detailed in the announcement.

YTD Price Performance: -4.17%

Average Trading Volume: 59,851

Technical Sentiment Signal: Buy

Current Market Cap: HK$437.8M

Learn more about 0701 stock on TipRanks’ Stock Analysis page.

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