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China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has provided an update.
In its preliminary announcement for the 2024 annual results, China Tourism Group Duty Free Corporation Limited reported a significant decline in key financial metrics, including a 16.36% decrease in total operating income and a 36.50% drop in net profit attributable to shareholders. Despite these challenges, the company made strategic advancements, increasing its market share in Hainan’s duty-free industry and expanding its presence in airport and downtown duty-free locations across China and internationally. The company also embraced digital transformation to enhance customer loyalty, reaching over 38 million members.
More about China Tourism Group Duty Free Corporation Limited Class H
China Tourism Group Duty Free Corporation Limited is a prominent company in the duty-free retail industry, focused on expanding its market presence, particularly in offshore duty-free shopping in Hainan and airport duty-free businesses in major Chinese cities. The company is involved in the operation of duty-free shops both domestically and internationally, enhancing customer experience through digitalization and membership programs.
YTD Price Performance: -10.64%
Average Trading Volume: 1,732,977
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$128.3B
Find detailed analytics on 1880 stock on TipRanks’ Stock Analysis page.
