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Article Date: July 2020
Word Count: 353

Anta Warns on H1 Results, But Sees H2 Normalized


While it is forecasting a decrease of up to 25% for the first six months of the year from operations and up to 35% when taking into account its share of the loss from the Amer acquisition, Anta reported all stores and factories have resumed normal operations, and it had sufficient cash to weather the crisis with at least RMB 20 billion ($2.86 bb) on hand. The six month profit from operations was RMB 2.97 billion ($424.5 mm), implying a profit this year of at least RMB 2.23 billion. The consolidated profit last year was restated to RMB 2.32 billion ... Log in to view full article.

 


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