Nayuki Holdings (HKG:2150) expects a net loss of about 420 million yuan to 490 million yuan for the six months ended June 30, 2024, according to a Friday filing on the Hong Kong bourse.
The company attributed the expected loss to slower consumer demand, higher cost pressures at the store level, and the closure of some stores.
The company's shares were down by almost 16% at the end of trading.
Price (HKD): $1.48, Change: $-0.28, Percent Change: -15.91%
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