Lifestyle China Group Anticipates Profit Drop

Lifestyle China Group (HK:2136) has released an update.

Lifestyle China Group Limited has issued a profit warning, anticipating a significant decrease in profits of around 65% to 70% for the six months ending on June 30, 2024, compared to the same period last year. This decline is largely attributed to a decrease in sales and a reduction in the share of profits from associates, exacerbated by a high base effect from the post-pandemic period and one-off gains recorded in the previous year. The company advises shareholders and potential investors to exercise caution when dealing with its shares.

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