Financial

Pou Sheng issues Q1 profit warning

By Bob McGee 2022-04-29T13:48:00

Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, will have a significant drop in profits and sales in the first quarter due to the re-emergence of Covid-19 in key Chinese markets, including Shanghai. Citing the pandemic’s impact on consumer demand and sentiment accelerated by lockdown measures taken ...

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