New World Department Store Rebounds with Profit

New World Department Store China Limited (HK:0825) has released an update.

New World Department Store China Limited reported an improvement in its financial performance for the year ended June 30, 2024, with a revenue of HK$1,359.5 million and a positive operating profit of HK$254.7 million, a significant turnaround from the previous year’s operating loss. The company also recorded a profit of HK$13.3 million, recovering from a substantial loss, and earnings per share stood at HK$0.008.

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