International Housewares Retail Co (HK:1373) has released an update.
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International Housewares Retail Company Limited has issued a profit warning, anticipating a 31% to 38% drop in profits for the six months ending October 2024 compared to the same period last year. The decline is attributed to a shift in consumer behavior towards increased overseas travel and reduced local spending amid weak market conditions. Despite these challenges, the company is optimistic about long-term stability through cost control measures and strategic adjustments to align with favorable government policies.
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