Topsports International Expects Profit Decline

Topsports International Holdings Limited (HK:6110) has released an update.

Topsports International Holdings Limited anticipates a 35% drop in profits for the first half of the fiscal year ending August 31, 2024, compared to the same period last year. The decline is primarily attributed to weakened consumer sentiment affecting retail sales and increased promotional discounts, both online and offline, impacting the company’s gross profit margin. The final interim results are still being prepared and are expected to be published before the end of October 2024.

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