Lianhua Supermarket Holdings Co (HK:0980) has released an update.
Lianhua Supermarket Holdings Co. reports a challenging financial performance for the first nine months of 2024, with a net loss of approximately RMB271 million despite generating nearly RMB17 billion in revenue. The company’s operations faced high costs across its hypermarket, supermarket, and convenience store segments, leading to a contraction in net earnings. This announcement highlights the ongoing struggles in optimizing operational efficiency amidst fluctuating market conditions.
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