Parkson Retail Group (HKG:3368) expects a loss attributable to owners of 18.6 million yuan for the six months ended June 30, against an attributable profit of 63.1 million yuan for the same period last year, a Friday filing with the Hong Kong Exchange said.
The company attributed the loss to a 12.3% decrease in its total operating revenue resulting from a cautious consumer behavior downgrading consumption which in turn is because of slower-than-expected economic recovery.
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