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The latest announcement is out from Henderson Investment Limited ( (HK:0097) ).
Henderson Investment Limited reported a significant increase in its annual loss, reaching HK$125 million for 2024, primarily due to accounting treatments related to lease renewals and rising outbound travel affecting local retail. The company decided not to distribute a final dividend due to these losses. The retail sector in Hong Kong faced a downturn, with a 7.3% decrease in total retail sales, impacting the company’s operations. Despite these challenges, Henderson Investment Limited has been working on integrating its subsidiaries, Citistore and Unicorn, to improve efficiency and expand its customer base through loyalty program integration. Citistore has actively engaged in promotional activities to boost brand awareness and operational efficiency.
More about Henderson Investment Limited
Henderson Investment Limited operates primarily through its subsidiaries, Citistore (Hong Kong) Limited and Unicorn Stores (HK) Limited. Citistore manages department and specialty stores, while Unicorn operates department stores-cum-supermarkets and supermarkets. The company focuses on retail operations in Hong Kong, aiming to enhance operational synergies and efficiency through business integration.
YTD Price Performance: -9.09%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €57.16M
Find detailed analytics on 0097 stock on TipRanks’ Stock Analysis page.