BREAKING:

The financial period was characterized by weaker demand during the non-festival season and market uncertainty arising from ongoing global trade tensions. Travelite Holdings reported a loss from continuing operations. Despite expectations that consumer sentiment will remain subdued and the retail environment will be competitive, management is focusing on enhancing operational agility and seizing emerging opportunities.

• The Group is conserving cash and actively pursuing business growth through evaluating suitable new store locations and exploring potential acquisitions

• Management aims to boost turnover by participating in luggage fairs and engaging in more promotional activities, such as festive season campaigns

• Other losses recognized during the period were primarily attributable to a provision for bad debts

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For more information, click here: TRAVELITE HOLDINGS LTD 2023 AGM