G.A. Holdings (08126) announced results for the year ended December 31, 2023. The group achieved...
According to the Zhitong Finance App, G.A. Holdings (08126) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$2,080 billion, a year-on-year decrease of 11.94%; profit attributable to shareholders was HK$4.088 million, a year-on-year decrease of 84.38%; and basic profit per share was HK0.86 cents.
According to the announcement, the decline in revenue and profit was mainly due to a fierce price war between major Chinese car brands.