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<Pre-Result>CTG DUTY-FREE Foresees 2022 NP to Erode 48%; In-store Sales Expand Sharply YTD
CTG DUTY-FREE (01880.HK) released the preliminary 2022 annual results. The net profit of the period decreased by 48% YoY to RMB5.02 billion. The total operating income dropped 19.5% YoY to RMB54.46 billion.
However, the company added that, since this year, there has been significant rebounded trend shown in the sales of the Company’s stores. So far, the operating income has achieved substantial growth year-on-year and quarter-on-quarter, the announcement added.
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