Le Saunda Holdings (HK:0738) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Le Saunda Holdings Limited has released unaudited operational data for Q2 of the financial year 2024/25, revealing a significant 30.5% drop in self-owned retail sales and a 16.4% decrease in e-commerce sales compared to the previous year. Furthermore, the company anticipates a consolidated loss between RMB38 million to RMB45 million for the interim period, attributed to the challenging retail environment in the PRC, declining gross profit margins due to discounts, and one-off redundancy costs from store closures and back office optimizations.
For further insights into HK:0738 stock, check out TipRanks’ Stock Analysis page.