JS Global Lifestyle Company Limited (HK:1691) has recently announced a profit warning, with predictions of a significant drop in profits from continuing operations. The company anticipates a decrease of up to 38.7% compared to the previous year, with profits estimated to be around US$28.3 million. This decline is primarily attributed to increased sales and marketing expenses in the Asia Pacific region, along with higher administrative costs. The company is also facing challenges in the Chinese market, where heightened competition and delayed product launches have impacted their performance.
In addition, adjusted profits are expected to decline by approximately 73.3%, largely due to the discontinuation of certain sourcing service incomes in 2025. These factors have contributed to a less favorable outlook for the company’s financial performance in the current year.
For investors and stakeholders interested in the performance of HK:1691 stock, it may be beneficial to review TipRanks’ Stock Analysis page for further insights and analysis. As JS Global Lifestyle Company Limited navigates through these challenges and works towards improving its financial performance, monitoring the stock trends and developments in the company’s operations will be key for informed decision-making in the future.
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