Convenience Retail Asia Limited (HK:0831) has released an update.
Convenience Retail Asia Limited reported a slight increase in group revenue for the first half of 2024, driven by festive products and a strong bakery B2B performance. Despite this, the company experienced a significant drop in net profit due to poor eyewear sales in Hong Kong and startup costs in Singapore. The Group has declared an unchanged interim dividend of 2 HK cents per share while maintaining a solid financial standing with no bank borrowings.
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