Lifestyle China Group Limited provided earnings guidance for the year ended 31 December 2022. For the period, the group is expected to record a loss attributable to owners of the Company of not more than RMB 30 million, as compared with a profit attributable to owners of the Company of approximately RMB 143 million for the year ended 31 December 2021. The expected turning into loss for the full year is a result of (1) the Group's retailing operations in Shanghai and Suzhou continued during the second half of the year to be adversely affected by the stringent anti-COVID-19 measures; (2) decrease in share of profit from the Group's Shijiazhuang-based investment of which its business turned more difficult as the COVID-19 pandemic situation started to worsen in the second half of the year; and (3) higher interest expense.
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0.75 HKD | 0.00% | 0.00% | -8.54% |
19/03 | Lifestyle China Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
07/03 | Lifestyle China to Return to Profit in 2023 | MT |
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- Lifestyle China Group Limited Provides Earnings Guidance for the Year Ended 31 December 2022