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<Warning> Sun Art Retail (06808.HK) Expects Annual Loss of RMB300M to RMB350M
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Sun Art Retail (06808.HK) issued a profit warning, expecting a loss of between RMB300 million and RMB350 million for the fiscal year ended March, compared with a net profit of RMB405 million in the previous fiscal year. The expected turnaround to loss was mainly due to declines in average basket size and average selling price of goods, leading to lower revenue and a reduction in gross profit; as well as a decrease in rental income from shopping arcades. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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