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<Warning>Japan Home Centre's Parent Co., IH RETAIL, Expects Full-yr NP to Drop by Max. 57%
Recommend 5 Positive 3 Negative 9 |
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As compared to the profit attributable to owners of IH RETAIL (01373.HK), the parent company of 'Japan Home Centre', of $101 million for the year ended 30 April 3034, the Group is expected to record a decrease in profit attributable to owners for the year ended April 2025 within a range of approximately 51-57%, IH RETAIL issued a profit warning saying. The decrease in the profit attributable to owners of the Company is mainly attributable to several factors, including weak consumer sentiment, intense competition, and shifting consumer habits, the Company added. Consequently, the Group's revenue for the year has declined by approximately 5.6% YoY. AASTOCKS Financial News Website: www.aastocks.com |
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