Download App

Log in to access Online Inquiry

Best Mart 360 Warns of Up to 40% Profit Drop in Fiscal H1

MT Newswires ·  {{timeTz}}

12:25 AM EDT, 11/03/2021 (MT Newswires) -- Best Mart 360 Holdings (HKG:2360) expects profit attributable to owners to slump between 35% to 40% for the six months ended Sept. 30, as compared with HK$35.7 million ($4.6 million) recorded a year earlier.

The company attributed the downbeat projection to the absence of government subsidy worth HK$21 million, which was granted in the year-ago period, according to a late Tuesday filing.

Other factors include the company's adjusted business strategies and opening of 10 retail outlets during the reported six months.

The operator of retail stores expects to publish interim results in late November, it added.

Shares of the company slid over 1% at midday.

Price (HKD): $1.79, Change: $-0.02, Percent Change: -1.10%

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial SG is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.