Jiashili Group Forecasts Notable Profit Decline

Jiashili Group Ltd (HK:1285) has released an update.

Jiashili Group Limited has issued a profit warning indicating a significant decline in profit attributable to the owners for the period ending June 30, 2024, estimating a drop of roughly 21.9% to 28.8% compared to the previous year. This decrease is mainly due to lower biscuit sales and increased administrative expenses related to production capacity expansion. Investors are cautioned to await the official interim results before trading, as current figures are preliminary and unaudited.

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