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Centenary United Holdings Limited ( (HK:1959) ) has provided an update.
Centenary United Holdings Limited announced a significant reduction in its net loss for the first half of 2025, despite a decrease in revenue due to a decline in new car sales and a competitive price war in the automotive market. The company’s improved new car inventory structure, better gross profit margins, and reduced administrative expenses contributed to narrowing the net loss by 69% compared to the same period last year.
More about Centenary United Holdings Limited
Centenary United Holdings Limited is a company incorporated in the Cayman Islands, operating in the automotive industry. It focuses on the sale of new cars and related services.
Average Trading Volume: 51,612
Technical Sentiment Signal: Sell
Current Market Cap: HK$101.6M
See more insights into 1959 stock on TipRanks’ Stock Analysis page.