Jiumaojiu Posts Mixed Mid-Year Financial Results

Jiumaojiu International Holdings Ltd. (HK:9922) has released an update.

Jiumaojiu International Holdings Ltd. reported an unaudited consolidated revenue of RMB 3.06 billion for the first half of 2024, revealing a slight increase from the previous year, despite a drop in profit and same store sales growth across its restaurant brands. The Group expanded its portfolio to 771 restaurants, yet faced challenges leading to declines in key performance indicators such as store level operating profit, profit before taxation, and average spending per customer.

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