Lianhua Supermarket’s Revenue Falls, Losses Narrow

Lianhua Supermarket Holdings Co (HK:0980) has released an update.

Lianhua Supermarket Holdings Co. reported a 7.4% year-on-year decrease in revenue to RMB 10,897 million for the first half of 2024, while operating profit stood at RMB 14 million, a marginal figure compared to its revenue. The company also saw a reduction in same store sales across all segments, with the hypermarkets being the hardest hit. Despite these challenges, the loss attributable to shareholders narrowed significantly, indicating an improvement in the company’s financial health.

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