Zhou Hei Ya International Holdings (HKG:1458) expects a net profit of 30 million yuan to 35 million yuan for the six months ended June 30, compared with a profit of 101.7 million yuan in the prior-year period, according to a Wednesday filing on the Hong Kong bourse.
The company attributed the expected profit decline to higher operational costs with little improvement in consumer demand and share in losses of associates.
The company plans to publish its interim results on Aug. 23.
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