Stock Track | CTG Duty Free Shares Plunge 8% as Nine-Month Profits Slump

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Shares of China Tourism Group Duty Free Corporation Ltd. (CTG Duty Free) plummeted by 8.13% on Monday, October 15th, 2024, as the company reported a significant drop in its nine-month profits.

According to a preliminary report filed with the Hong Kong Exchange, CTG Duty Free's attributable profit for the nine months ended September 30th, 2024, fell by a staggering 25% to 3.92 billion yuan, down from 5.21 billion yuan in the same period last year. The retailer's earnings per share also decreased by 25% to 1.8950 yuan, compared to 2.5165 yuan in the previous year.

The company's operating income for the nine-month period declined by 15% to 43 billion yuan, down from 50.8 billion yuan a year earlier. The disappointing financial results weighed heavily on CTG Duty Free's stock, as shares closed 8% lower at HK$53.85 in Hong Kong and 3% lower in Shanghai during Tuesday's trading session.

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(CTG Duty Free) plummeted by 8.13% on Monday, October 15th, 2024, as the company reported a significant drop in its nine-month profits.\n...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01880","symbol_name":"中国中免","start_time":0,"source_url":"","article_id":"1114236724","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114236724","pubTimestamp":1728992427,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China Tourism Group Duty Free Corporation Ltd.  plummeted by 8.13% on Monday, October 15th, 2024, as the company reported a significant drop in its nine-month profits.According to a preliminary report filed with the Hong Kong Exchange, CTG Duty Free's attributable profit for the nine months ended September 30th, 2024, fell by a staggering 25% to 3.92 billion yuan, down from 5.21 billion yuan in the same period last year. 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