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The latest announcement is out from JS Global Lifestyle Company Limited ( (HK:1691) ).
JS Global Lifestyle Company Limited has issued a profit warning, expecting a significant decrease in its profit from continuing operations for FY2024, with projections indicating a drop of no more than 88.5% compared to the previous year. The decline is attributed to increased expenses in technological innovation, product research, and brand promotion in China, alongside rising costs associated with expanding in the Asia Pacific market. The company is undergoing strategic investments and expansions, impacting its short-term financial performance.
More about JS Global Lifestyle Company Limited
YTD Price Performance: 16.55%
Average Trading Volume: 40,088,748
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$5.55B
See more data about 1691 stock on TipRanks’ Stock Analysis page.