Sun Art Retail Group Forecasts Significant Profit Turnaround

Sun Art Retail Group (HK:6808) has released an update.

Sun Art Retail Group has issued a positive profit alert, forecasting a net profit of approximately RMB150 million to RMB200 million for the first half of 2024, rebounding from a loss of RMB378 million last year. This turnaround is credited to increased same-store sales and effective cost reduction strategies. Investors are advised to exercise caution as these figures are preliminary and unaudited.

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