Parkson Group Issues Profit Warning, Anticipates RMB186 Million Net Loss Attributable to Owners for 2025
Stock News
Yesterday
Parkson Group (03368) announced that the group expects to record a net loss attributable to owners of approximately RMB186 million for the year ending December 31, 2025. This compares to a net loss attributable to owners of RMB175 million for the year ended December 31, 2024. The increased loss is primarily attributed to a structural shift in consumer spending behavior and a decline in total sales revenue, as consumers have become more cautious due to macroeconomic headwinds and weak income growth expectations. An increase in impairment provisions recognized during the year also contributed to the loss.
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