JS Global Lifestyle’s Joyoung Reports Steep Profit Decline

JS Global Lifestyle Company Limited (HK:1691) has released an update.

JS Global Lifestyle’s subsidiary, Joyoung Co., Ltd., reported a significant decline in financial performance, with operating revenue and net profits plummeting by 27.12% and 166.46% respectively for the third quarter of 2024 compared to the same period last year. The nine-month figures also show an 8.84% decrease in revenue and a 73.02% drop in net profits, reflecting challenges in maintaining profitability. These results may impact investor confidence and pose concerns over Joyoung’s market strategies.

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