Brief: SUNART RETAIL is expected to incur a loss of at least 300 million yuan last year
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SUNART RETAIL is expected to record a net loss of approximately HKD 300 million to HKD 350 million for the year ending in March, compared to a net profit of HKD 386 million in the same period last year, marking a shift from profit to loss. Although the gross profit margin has slightly rebounded, overall profitability is under pressure due to a decline in the number of transactions and the average selling price of goods. The company will continue to promote its omnichannel strategy to enhance product competitiveness. The stock price opened lower on Monday at HKD 1.43, down 7.14%, with a cumulative decline of about 17% year-to-date
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