China Tourism Group Duty Free Reports Q3 2024 Financial Decline

China Tourism Group Duty Free Corporation Limited Class H (HK:1880) has released an update.

China Tourism Group Duty Free Corporation Limited reported a significant decrease in financial performance for the third quarter of 2024, with a 21.52% drop in operating income and a 52.53% decline in net profit compared to the same period last year. The company’s net cash flow from operating activities also saw a substantial decrease of 62.03% from the start of the year to the end of the reporting period. Despite these declines, the company’s total assets and owner’s equity remained relatively stable, showing only minor fluctuations.

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