Bauhaus International (Holdings) Ltd. (HK:0483) has released an update.
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Bauhaus International (Holdings) Ltd. has issued a profit warning, anticipating a net loss of HK$1.0 million to HK$3.0 million for the six months ending September 2024, compared to a HK$3.5 million profit in the previous year. The decline in retail sales revenue by 4.9% and a slight drop in gross margins were attributed to sluggish retail sentiment in Hong Kong and Macau. The company is engaging in more promotional activities to attract customers but advises investors to exercise caution when dealing with its shares.
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