Le Saunda Holdings Reports Declining Sales and Losses

Le Saunda Holdings (HK:0738) has released an update.

Le Saunda Holdings Limited has released unaudited operational data for Q2 of the financial year 2024/25, revealing a significant 30.5% drop in self-owned retail sales and a 16.4% decrease in e-commerce sales compared to the previous year. Furthermore, the company anticipates a consolidated loss between RMB38 million to RMB45 million for the interim period, attributed to the challenging retail environment in the PRC, declining gross profit margins due to discounts, and one-off redundancy costs from store closures and back office optimizations.

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