Want Want China Expects Profit Decline of 38% in Fiscal Q1
MT Newswires Live
Jul 27
Want Want China (HKG:0151) expects profit attributable to equity holders to decline by about 38% in the fiscal first quarter from a year earlier.
The company also expects revenue to decrease by about 6%, according to a Sunday Hong Kong bourse filing.
Want Want attributed the expected decline to weaker market sentiment, which reduced revenue, and higher operating expenses.
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