Super Hi International Reports Steep Profit Decline in Q3

MT Newswires Live11-26

Super Hi International (HKG:9658) saw a sharp decline in its third-quarter profit to $3.6 million from $37.7 million in the year-ago period, according to a Wednesday news release.

Earnings per share stood at $0.01, down from $0.06 a year earlier.

The profit drop was driven by a 15% decrease in income from operations and an increase in net foreign exchange loss due to forex fluctuations.

The hotpot chain operator's revenue rose 7.8% to $214 million from $198.6 million a year prior.

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