Casa Tianjiao (02223) announced its 2023 annual results, with revenue of HK$284 million, a year-on-year decrease of 5.4%...
According to the Zhitong Finance App, Casa Tianjiao (02223) announced its 2023 annual results, with revenue of HK$284 million, a year-on-year decrease of 5.4%; loss attributable to company owners was HK$4.64 million, profit of HK$5.378 million for the same period last year; basic loss per share was HK1.80 cents.
The decline in revenue during the period was mainly due to the slow economic recovery after the pandemic, which weakened consumer sentiment and led to a decline in sales in Hong Kong, China and Macau, China, despite improvements in sales in mainland China.