
Aoxinwu's parent company CEC International turned from profit to loss, with a half-year loss of 28.65 million, stating that "it could not predict when the market would recover."

Axinwu's parent company CEC INT'L HOLD announced its interim results for the period ending at the end of October, reporting a loss of HKD 28.648 million, compared to a profit of HKD 330,000 in the same period last year, with no interim dividend declared. Revenue was HKD 702 million, a decrease of 6.5% year-on-year. Retail business revenue declined, and management stated that they could not predict when the market would recover, expecting difficulties to continue. During the period, 5 stores were closed, with a net increase of 4 stores, and operating area decreased by 3%. Management will review lease agreements and adjust rents to improve profitability
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