Lifestyle China Group (HK:2136) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Lifestyle China Group Limited has issued a profit warning, anticipating a significant decrease in profits of around 65% to 70% for the six months ending on June 30, 2024, compared to the same period last year. This decline is largely attributed to a decrease in sales and a reduction in the share of profits from associates, exacerbated by a high base effect from the post-pandemic period and one-off gains recorded in the previous year. The company advises shareholders and potential investors to exercise caution when dealing with its shares.
For further insights into HK:2136 stock, check out TipRanks’ Stock Analysis page.