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IT profit warning expects a mid-term loss of at least 300 million yuan

2020-10-27T10:17:58.578Z


IT (0999) issued a profit warning. The group expects a net loss of no less than 300 million yuan in the interim period, and a net loss of 71 million yuan in the same period last year. The group stated that the new crown pneumonia epidemic has caused global consumer


Financial News

Written by: Zhang Weilun

2020-10-27 18:00

Last update date: 2020-10-27 18:00

IT (0999) issued a profit warning. The group expects a net loss of no less than 300 million yuan in the interim period, and a net loss of 71 million yuan in the same period last year.

The group stated that the new crown pneumonia epidemic has led to a decline in global consumer spending. In the face of an extremely difficult business environment, the group provides additional discounts to stimulate sales and reduce costs. However, the saved operating costs are not enough to offset sales and The gross profit margin declined.

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Source: hk1

All news articles on 2020-10-27

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