CSMall Group Limited (HK:1815) has released an update.
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CSMall Group Limited reported a significant decrease in revenue for the first half of 2024, with a 54.2% drop compared to the same period last year, resulting in a revenue of RMB100.8 million. Despite this fall, the company experienced a reduction in net loss to RMB11.0 million thanks to increased sales of high-margin silver products in their New Jewellery Retail segment. However, these gains were offset by losses in the Fresh Food Retail segment and higher impairment losses on receivables.
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