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The latest announcement is out from Convenience Retail Asia Limited ( (HK:0831) ).
Convenience Retail Asia Limited reported a challenging financial year ending December 2024, with a significant decline in core operating profit by 43.2% and profit attributable to shareholders dropping by 58.6%. The company faced reduced retail foot traffic and changing consumer spending patterns, impacting its retail bakery and eyewear segments. Despite these challenges, the wholesale bakery business performed well, and the company maintained a strong financial position with net cash of HK$207 million. The board declared a final dividend of 1 HK cent per share, reflecting a 97% payout ratio.
More about Convenience Retail Asia Limited
Convenience Retail Asia Limited operates in the retail industry, focusing on bakery and eyewear products. The company manages a variety of retail outlets, including Saint Honore Cake Shops and Zoff Eyewear Stores, with a market presence in Hong Kong, Macau, Guangzhou, and Singapore.
YTD Price Performance: -21.95%
Average Trading Volume: 446,943
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$248.8M
For an in-depth examination of 0831 stock, go to TipRanks’ Stock Analysis page.