Labixiaoxin Snacks Group Ltd. (HK:1262) has released an update.
Labixiaoxin Snacks Group Limited has issued a profit warning, forecasting an increase in both sales to RMB493.8 million and net loss to RMB42.7 million for the first half of 2024, compared to the same period the previous year. The rise in sales is attributed to growth in convenience store chains and e-commerce, while the higher net loss is due to increased selling and distribution costs, as well as more funds spent on advertising. Investors are cautioned to consider this preliminary data which is subject to change upon final review.
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