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Cassava res (00841.HK) midterm profit turned to a loss of 9 million Hong Kong dollars
The Cassava Resources (00841.HK) announced on November 29 that, for the six months ended September 30, 2024, the group's revenue from the purchase and sale of dried cassava slices was approximately 0.438 billion Hong Kong dollars, a decrease of about 47.8% year-on-year. The main reason for the group's revenue decline was the decrease in sales volume and average selling price of dried cassava slices. The group's loss was approximately 9 million Hong Kong dollars (2023: profit of approximately 16.4 million Hong Kong dollars). The loss per share attributable to the company's owners was 1.5 Hong Kong cents. During this period, the high-interest-rate environment continued to cause significant damage to the global economy, and the export industry in China's mainland was severely sluggish. Chinese mainland industrial and commercial enterprises continued to
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