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The latest update is out from Casablanca Group Ltd. ( (HK:2223) ).
Casablanca Group Limited reported a decrease in revenue and gross profit for the six months ended June 30, 2025, compared to the same period in 2024, with revenue dropping by 3.5% and gross profit by 2.7%. The company also experienced a significant increase in net loss, with a 39.4% rise in loss attributable to owners, reflecting challenges in maintaining profitability amidst rising costs and market conditions. Despite these setbacks, the company maintained a stable gross profit margin and a low gearing ratio, indicating a strong financial position with more cash and bank balances than borrowings.
More about Casablanca Group Ltd.
Casablanca Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the industry of home textiles and related products. The company focuses on providing high-quality bedding and home accessories, catering to a diverse market with a focus on innovation and customer satisfaction.
Average Trading Volume: 39,933
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$72.2M
Learn more about 2223 stock on TipRanks’ Stock Analysis page.