Water Oasis Group (HKG:1161) expects a net profit attributable to the shareholders between HK$65 million and HK$69 million in the year ended Sept. 30, lower than HK$110.2 million logged for the previous fiscal year, a Wednesday Hong Kong bourse filing said.
The beauty services and skincare and beauty product retail company attributed the expected decrease in net profit to an increase in staff costs and marketing expenses, recognition of a non-cash goodwill impairment during the reporting period, and a loss of HK$33 million from changes in the fair value of investment properties.
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