Parkson Retail Group (DE:P5IB) has released an update.
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Parkson Retail Group Limited reported a significant downturn in its financial performance for the first half of 2024, with operating revenues dropping by 12.3% and a swing to a loss of RMB 18.6 million compared to a profit in the previous year. The slump was attributed to a decrease in both same store sales and total gross sales proceeds by 13.3% and 12.5%, respectively. Despite these challenges, the company declared an interim dividend of RMB 0.02 per share.
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