YIK WO INTL (08659) Issues Profit Warning, Expects Interim Net Profit to Decline Year-on-Year to Approximately RMB 7-10 Million
Stock News
Aug 20
YIK WO INTL (08659) announced that compared to the net profit of approximately RMB 18.8 million for the six months ended June 30, 2024, the group expects to achieve net profit of RMB 7 million to RMB 10 million for the six months ending June 30, 2025. The decrease in profit during this period is mainly attributable to reduced group revenue, which resulted from weakened market demand for the group's disposable plastic fast food box products after significant growth in revenue from such products over the past two years.
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