China Tobacco Warns of Up to 15% Lower H1 Profit

MT Newswires Live
06/18

China Tobacco International (HK) (HKG:6055) expects a 10% to 15% year-over-year decline in attributable profit for the six months ending June 30, according to a Thursday Hong Kong bourse filing.

The tobacco company's revenue is also expected to fall between 25% and 30%.

The company attributed the forecast to a lower revenue and gross profit in the tobacco leaf product import wing and a lower revenue from the cigarette export segment.

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