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Citychamp Watch & Jewellery Group ( (HK:0256) ) has issued an update.
Citychamp Watch & Jewellery Group Limited announced its annual results for the year ended 31 December 2024, reporting a total revenue of HK$1,335,623,000, a decrease from the previous year. The company experienced a loss of HK$281,652,000, compared to a profit in 2023, due to increased interest expenses and a significant drop in sales from non-banking and financial businesses. This financial performance may impact the company’s market positioning and stakeholder confidence.
More about Citychamp Watch & Jewellery Group
Citychamp Watch & Jewellery Group Limited is a company incorporated in the Cayman Islands, primarily engaged in the watch and jewellery industry. The group also has operations in the banking and financial sectors, offering services such as interest and dividend income, service fees, and commission income.
Technical Sentiment Signal: Buy
Current Market Cap: $257.4M
Learn more about 0256 stock on TipRanks’ Stock Analysis page.