Sichuan Baicha Baidao Industrial (HKG:2555) expects a net profit between 220 million yuan and 250 million yuan for the six months ended June 30, 63.03% lower than the profit of 595 million yuan from the same period last year, a Friday filing with the Hong Kong Exchange said.
The company attributed the decrease in profit to the change in consumer habits resulting from the external environment and economic conditions.
The company's shares were down over 12% on Monday's close.
Price (HKD): $6.30, Change: $-0.89, Percent Change: -12.38%
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