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Viva China Holdings Limited ( (HK:0933) ) has shared an announcement.
Viva Goods Company Limited, along with its subsidiaries, reported a 7.1% decline in consolidated revenue and gross profit for the year ended December 31, 2024, primarily due to weak consumer spending in Europe and the Americas and strategic repositioning of its brands. Despite the revenue drop, the company reduced its loss attributable to equity holders by 40.8%, thanks to improved cost control and reduced impairment charges. However, this was partially offset by a decrease in profits from associates and joint ventures. Clarks, a major brand within the group, saw a slight revenue decline but implemented cost-reduction strategies and channel adjustments to enhance operational efficiency, setting the stage for future profitability.
More about Viva China Holdings Limited
YTD Price Performance: -25.41%
Average Trading Volume: 1,796,947
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.54B
For an in-depth examination of 0933 stock, go to TipRanks’ Stock Analysis page.