International Housewares Retail Co (HK:1373) has released an update.
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International Housewares Retail Company Limited warns of a significant profit drop, expecting a 32% to 38% decrease compared to last year’s figures. The decline is attributed to a decrease in demand for anti-pandemic supplies and increased operating costs, including human resources and rent, despite cost control measures and strategic investments in logistics. Shareholders and potential investors are cautioned to consider the investment risks, with final results pending the review by the Audit Committee and Auditor.
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