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LE SAUNDA (00738.HK) expects a net loss of 93 million yuan to -0.115 billion yuan for the fiscal year 2024.
On March 10, Gelonghui reported that LE SAUNDA (00738.HK) announced that the group will incur a consolidated loss attributable to shareholders ranging from 93 million yuan to 0.115 billion yuan for the 2024/25 fiscal year. The expected increase in consolidated losses is mainly due to (a) the ongoing sluggish retail market in mainland China leading to a significant drop in total sales for the group's Retail Trade business; (b) higher sales discounts given to retail and wholesale customers to clear slow-moving inventory, resulting in a significant decline in gross margin; and (c) one-time employee compensation expenses incurred due to the closure of inefficient physical retail stores and the optimization of logistics administrative personnel.
Express News | Le Saunda Holdings Ltd - Increased Loss Due to Decreased Sales, Others
Express News | Le Saunda Holdings Ltd - Expected Consolidated Loss Attributable of RMB93 Mln to RMB115 Mln for FY2024/25
LE SAUNDA: Unaudited Operational Data of Retail Business for the three months ended 28 February 2025 and Profit Warning
Announcement highlights | Longfor Group's sales exceeded 90 billion yuan this year; Mao Geping announced the lottery results, listed this morning.
In the first 11 months, longfor group achieved a total contract sales amount of 93 billion yuan, with contract sales of 8.5 billion yuan in November; cspc pharma's application for marketing approval for SYHX2011 to treat advanced breast cancer was accepted.
Le Saunda's Sales Decline in Fiscal Q3
