China Outfitters Holdings (HK:1146) has released an update.
Huicheng International Holdings Limited, previously known as China Outfitters Holdings, reported a significant decrease in revenue and gross profit for the first half of 2024 compared to the same period in 2023, marking a 27.6% drop in revenue and a 30.3% decrease in gross profit. Despite the financial downturn, the loss attributable to the parent’s owners improved by 37.7%, with a reduced basic loss per share. The company’s operating loss margin also saw an increase, posing challenges for the period ahead.
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