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CSMall Group Limited ( (HK:1815) ) has issued an update.
CSMall Group Limited reported a significant decrease in revenue for 2024, primarily due to reduced sales of gold products as high international gold prices deterred customers. The company strategically shifted focus to silver products, which improved profitability but resulted in an overall revenue decline. The Group also experienced a reduction in net loss, attributed to increased profitability in the New Jewellery Retail segment and a significant impairment loss in the discontinued Fresh Food Retail segment.
More about CSMall Group Limited
CSMall Group Limited operates in the jewelry retail industry, focusing primarily on the sale of gold and silver products. The company has recently shifted its market focus towards silver products due to their higher profit margins compared to gold.
YTD Price Performance: 572.22%
Average Trading Volume: 13,174,904
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.5B
Learn more about 1815 stock on TipRanks’ Stock Analysis page.