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Article Date: February 2023
Word Count: 106

Pou Sheng Warns of Plunging Profits


The Chinese retailer said that full-year net income would come in at about RMB89 million ($13 mm), a 75% drop from 2021, on 20% lower revenues of about RMB18,638 million ($2,767 mm). The blame goes to China’s Zero Covid policy, as the resulting lockdowns ... Log in to view full article.

 


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