China Tourism Group Duty Free Corp Ltd Reports Quarterly Earnings

China Tourism Group Duty Free Corp Ltd, a consumer discretionary industry company, has released its quarterly earnings report. Key highlights from the report include:

• Profit per share decreased to 0.35 HKD, down from 0.51 HKD in the same period last year.
• Revenue declined by 6.57% to 12.31 billion HKD, compared to 13.17 billion HKD in the previous year.

The company’s stock price has been impacted by these developments, with a decline in recent days. However, the tourism industry as a whole is expected to recover, with many companies in the sector reporting improved earnings.

Business Outlook

The company’s efforts to expand its business and improve its competitiveness are expected to have a positive impact on its stock price. These initiatives are aimed at enhancing the company’s market position and driving long-term growth.

Key Statistics

• Profit per share: 0.35 HKD (down from 0.51 HKD in the same period last year)
• Revenue: 12.31 billion HKD (down 6.57% from 13.17 billion HKD in the previous year)