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Le Saunda Holdings ( (HK:0738) ) has shared an update.
Le Saunda Holdings Limited has reported a significant decline in its retail business for the fourth quarter of the financial year 2024/25, with a 36.9% drop in total sales and a 12.2% decline in same-store sales. The e-commerce sector also saw a 5.2% decrease in sales. The company has reduced its retail network by 130 outlets, now operating 153 outlets in total. The Board anticipates a substantial increase in consolidated losses, ranging from RMB93 million to RMB115 million, due to a sluggish retail market, reduced gross profit margins from high discounts, and redundancy costs from store closures and administrative optimizations.
More about Le Saunda Holdings
Le Saunda Holdings Limited operates in the retail industry, focusing on self-owned and franchised outlets primarily in Mainland China. The company is involved in both traditional retail and e-commerce sectors, offering a range of products to its customers.
YTD Price Performance: 3.77%
Average Trading Volume: 121,885
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$194.1M
See more data about 0738 stock on TipRanks’ Stock Analysis page.