News: WAI YUEN TONG forecasts a nearly 90% year-on-year decline in interim profits
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WAI YUEN TONG Pharmaceutical Holdings Limited issued a profit warning, expecting that the interim net profit for the period ending September will not exceed HKD 3 million, a year-on-year decrease of 87%. The company stated that the decline in consumer willingness at the retail end led to a revenue decrease of approximately 7%, a reduction in gross profit, and a decline in the net fair value gains of investment properties were also reasons for the profit drop. Some negative impacts were offset by a decrease in administrative expenses and financing costs
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