Financial reporting

Pou Sheng Intl. warns on record FY profit drop

By 2023-02-24T13:53:00

Pou Sheng International

The Yue Yuen retail unit blames an expected annual profitability decline of 75 percent to 89 million yuan renminbi (€12.2m) on “weak foot traffic and soft consumer sentiment” in China throughout 2022 due to the country’s pandemic control measures. Pou Sheng’s FY22 revenues are forecast to come in 20 percent ...

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