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An announcement from CAQ Holdings Limited ( (AU:CAQ) ) is now available.
CAQ Holdings Limited reported a significant decrease in revenue and an increase in losses for the year ending December 31, 2024. The company’s revenue from ordinary activities fell by 34%, while losses after tax rose by 22%, primarily due to increased finance costs and deferred tax expenses. The leasing business saw reduced revenues, and the jewelry segment experienced a substantial decline. The company is working on securing new tenants, with potential policy changes in China possibly influencing future leasing interest. However, uncertainty around these policies may delay revenue growth.
More about CAQ Holdings Limited
CAQ Holdings Limited operates in the leasing and jewelry industries. The company is involved in leasing activities and has a jewelry business, focusing on markets that may benefit from policy changes, such as the establishment of Hainan Island as a free trade port by the end of 2025.
Average Trading Volume: 20,262
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.74M
Find detailed analytics on CAQ stock on TipRanks’ Stock Analysis page.