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Aeon Stores (00984.HK) issued a profit warning. The controlling shareholder recorded a loss of about HKD 0.171 billion to HKD 0.191 billion in the first half of the year.
On August 2, Gelunhui reported that Aeon Stores (00984.HK) issued a profit warning announcement, recording a loss of approximately HKD 0.171-0.191 billion attributable to shareholders of the company for the six months ended June 30, 2024, while the loss attributable to the controlling shareholder in the same period of 2023 was HKD 0.078 billion. The Board of Directors believes that the increase in the Group's loss is mainly due to the following factors: i. During the reporting period, the slow recovery of the Hong Kong economy and the craze of citizens traveling abroad have had a negative impact on the performance of Hong Kong business; and ii. The decrease in business revenue in mainland China is mainly due to business operation adjustments, a sluggish job market, and a real estate market downturn.
Express News | AEON Stores Hong Kong - Expected Result Due to Decrease of Revenue of Mainland China Business, Others
Express News | AEON Stores Hong Kong Sees Loss Attributable HK$171 Mln to HK$191 Mln for Hy
AEON STORES: PROFIT WARNING
AEON Stores (HK) Unanimous on Key Agreements
China Chain Operation Association: In 2023, the sales scale of China's top 100 supermarkets is 868 billion yuan, a year-on-year decrease of 7.3%.
In the year 2023, the sales scale of the top 100 supermarkets in China was 868 billion yuan, with a total of 0.0238 million stores, a decrease of 7.3% and 16.2% respectively compared to the previous year's top 100 supermarkets.
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