Detail akcie New World Depart online

Business Summary: New World Department Store China Limited is a Hong Kong-based investment holding company principally engaged in the operation of department stores. The Company operates through two segments. Department Store and Other Related Businesses segment is engaged in the operation of department stores under the brand New World, as well as department stores and shopping malls under the brand Ba Li Chun Tian. This segment operates in the cities of Northern China, South Eastern China and Central Western China. Property Investment segment is mainly engaged in the investment in commercial properties.
Financial Summary: BRIEF: For the fiscal year ended 30 June 2024, New World Department Store China Limited revenues decreased 8% to HK$1.36B. Net income totaled HK$13.3M vs. loss of HK$320.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Merchandise Margins, Total -% increase of 6% to 13.5%, Bad Debt Written Off/Provision increase from HK$55.8M to HK$194M (income).