YesAsia Expects Profit Growth in H1; Shares Slide 16%
MT Newswires Live
Jul 28
YesAsia Holdings (HKG:2209) said it expects net profit to rise 26.7% year over year to about $14.1 million for the six months ended June 30, according to a July 25 Hong Kong bourse filing.
Revenue is forecast to jump 49% to roughly $243.9 million, led by an increase in sales on YesStyle and other platforms, and a 111% surge in its AsianBeautyWholesale business.
Shares of the company were down about 16% in Monday's recent trade.
Interim results will be announced on or before Aug. 22.
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