PARKSON GROUP released its annual performance report, with a shareholder loss of 175 million yuan, turning from profit to loss year-on-year
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PARKSON GROUP released its annual performance for the year ending December 31, 2024, with total operating revenue of 3.727 billion yuan, a year-on-year decrease of 10.79%. The loss attributable to shareholders was 175 million yuan, compared to a profit of 66.413 million yuan in the same period last year, marking a shift from profit to loss. The basic loss per share was 0.066 yuan. The announcement pointed out that total sales revenue decreased by 13.8% to 8.697 billion yuan, mainly due to economic recovery being below expectations, consumers being more cautious in spending, and same-store sales declining by 16.1%
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