China Tourism Group Duty Free Corporation Limited Class H (HK:1880) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Tourism Group Duty Free Corporation Limited faced significant challenges in the first three quarters of 2024, with a 15.38% drop in operating income and a 24.7% decrease in net profit. Despite these challenges, the company saw a significant increase in revenue from duty-free shops at major airports in Beijing and Shanghai, driven by expanded visa-free policies and more international flights. Additionally, the company successfully introduced 165 new brands, boosting sales and enhancing consumer recognition of domestic products.
For further insights into HK:1880 stock, check out TipRanks’ Stock Analysis page.