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LIFESTYLE CHI (02136.HK) expects an annual net loss of no more than 23 million yuan, a shift from profit to loss compared to the previous year.
On March 19, Glonghui announced that LIFESTYLE CHI (02136.HK) revealed that compared to a profit of approximately 87.7 million yuan for the year ending December 31, 2023, the group anticipates an attributable loss of no more than 23 million yuan for the year ending December 31, 2024. The expected shift from profit to loss is mainly due to cautious domestic consumer sentiment and ongoing rational consumption behavior, leading to declines in both the group's overall sales and attributable profit from joint ventures throughout the year.
Express News | Lifestyle China - Expected Loss of Not More Than RMB23.0 Million in FY
LIFESTYLE CHI: PROFIT WARNING
LIFESTYLE CHI (02136.HK) plans to hold a Board of Directors meeting on March 31 to approve the annual performance.
On March 6, Gelonghui reported that LIFESTYLE CHI (02136.HK) announced that the Board of Directors meeting will be held on March 31, 2025 (Monday) to approve the publication of the annual results for the year ended December 31, 2024, and to consider the distribution of a final dividend (if any).
LIFESTYLE CHI: DATE OF BOARD MEETING
Fortune Spirit Group's Go-Private Offer for Lifestyle China Group Lapses
