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Dickson Concepts (International) ( (HK:0113) ) has provided an update.
Dickson Concepts (International) Limited has issued a profit warning, anticipating a 20% decrease in sales turnover and a 42% drop in net profit for the year ending March 31, 2025, compared to the previous year. This decline is attributed to weakened consumer sentiment in Hong Kong, driven by changing travel and shopping preferences, and the extension of China’s tax refund policy for foreign visitors, which has made Hong Kong a less attractive shopping destination. The company’s announcement highlights challenges in the retail landscape and advises caution among shareholders and investors.
More about Dickson Concepts (International)
Dickson Concepts (International) Limited operates in the retail industry, focusing on luxury goods and services. The company is known for its high-end retail offerings and has a significant market presence in Hong Kong and other regions.
Average Trading Volume: 258,402
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.64B
For an in-depth examination of 0113 stock, go to TipRanks’ Stock Analysis page.