Red Star Macalline's Loss Widens in 2024

MT Newswires Live

2025/03/28

Red Star Macalline Group's (SHA:601828, HKG:1528) loss attributable to owners in 2024 widened to 3.49 billion yuan or 0.80 yuan per share from 2.41 billion yuan or 0.55 yuan per share a year earlier, according to a Hong Kong Stock Exchange filing on Thursday.

The furniture and home furnishing retail company's revenue dropped 32% year on year to 7.82 billion yuan from 11.5 billion yuan, the filing said.

No final dividend was recommended for the period.

The company's Hong Kong shares dropped 4% and Shanghai shares slipped over 1% at the close.

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