Summary by Moomoo AI
CEC Int'l Hold announced its annual financial report on April 30, 2024, showing a 13.2% decrease in annual revenue to HKD1,469,606,000, with an annual loss of HKD29,812,000 and a basic loss per share of 4.47 HK cents. The company stated that the decline in revenue was mainly due to the complex challenges faced by the retail trade, including geopolitical risks, interest rate cycles, and adjustments in the financial and real estate markets. In addition, after the retreat of the COVID-19 epidemic, the reopening of the Hong Kong border checkpoint and the trend of outbound tourism led to a reduction in local consumption, and the evening passenger flow and consumption volume could not return to the pre-epidemic level. The company did not declare any interim and final dividends during the reporting period and will suspend the registration of share transfers from September 20, 2024 to September 26, 2024. Ms. Ho Wing Yi, the company secretary, stated that CEC Int'l Hold will continue to dedicate itself to business development and bring long-term investment returns to shareholders.
