Water Oasis Group (HK:1161) has released an update.
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Water Oasis Group Limited reported a modest revenue growth of 0.7% to HK$983.2 million for the year ending September 2024, mainly driven by its beauty services segment. Despite the challenging economic environment in Hong Kong, the company maintained profitability through strategic outlet rationalizations and focused efforts on its strong Hong Kong market presence. However, the Group faced a 38.2% decline in profit to HK$68.1 million due to non-cash impairments and revaluation losses.
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