Pou Sheng Issues Q1 Profit Warning
Pou Sheng, the retail subsidiary of Yue Yuen, is forecasting a decline of more than 70% in profit to about RMB 108 million ($16.3 mm) and a 25% drop in revenues to about RMB 5,481 million ($829.4 mm) for the three months ended March 31. The re-emergence of Covid-19 in key Chinese markets, including Shanghai, and drastic lockdown measures ... Log in to view full article.
