G.A. Holdings (08126) announced its results for the first three quarters of 2023, achieving revenue of HK$1,534 billion, with...
According to the Zhitong Finance App, G.A. Holdings (08126) announced its results for the first three quarters of 2023, achieving revenue of HK$1,534 billion, a year-on-year decrease of 12.9%; net profit of HK$3.375 million, a year-on-year decrease of 85.88%; and profit per share of HK0.71 cents.
According to the announcement, the decline in profit was due to the fierce price war between major Chinese automobile brands.