Viva China Holdings Limited (HK:0933) has released an update.
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Viva Goods Company Limited reports a decline in revenue and gross profit by 6.3% and 4.8% respectively for the first half of 2024, amidst global economic challenges and reduced consumer spending. Despite these decreases, the company achieved an 8.6% rise in adjusted EBITDA, indicating improved operating efficiency. Operational updates include restructuring for cost efficiency, market testing of new bossini.X cycling-related products, and a joint venture to market ‘Haglöfs’ branded products in Greater China.
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