Sun Art Retail Group Faces Steep Financial Decline

Sun Art Retail Group (HK:6808) has released an update.

Sun Art Retail Group Limited reported a significant downturn in its financial performance for the year ending 31 March 2024, with a notable 13.3% drop in revenue and a striking shift from a modest profit to a loss, reflecting a challenging fiscal year. The company’s net assets and cash position also decreased by 9.9% and 15.1%, respectively, signaling a contraction in financial stability.

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