Brief: Health And Happiness (H&H) International Recorded Low-Double Digit Revenue Decline On A Like-For-Like Basis During Quarter

Health and Happiness (H&H) International Holdings

08/03/2022 09:34

March 8 (Reuters) - Health and Happiness (H&H) International
Holdings Ltd  1112.HK :
    * RECORDED A LOW-DOUBLE DIGIT REVENUE DECLINE ON A
LIKE-FOR-LIKE
BASIS DURING QUARTER
    * DURING THREE MONTHS, GROUP HAS ACHIEVED A LOW-SINGLE DIGIT
REVENUE GROWTH ON REPORTED BASIS
    * SEES  ADJUSTED NET PROFIT ON LFL BASIS FOR YEAR 2021
EXPECTED TO
RECORD DECLINE BY LOW-TEENS COMPARED TO 2020
    * SEES  REPORTED NET PROFIT FOR YEAR TO DECLINE BY RANGE OF
50-60%
    * EXPECTED FY REPORTED NET PROFIT DECLINE PARTLY DUE TO
RMB140-150
MILLION EXCHANGE LOSS FROM REVALUATION OF INTRAGROUP LOANS
    * ADJUSTED EBITDA MARGIN FOR YEAR ENDED 31 DEC 2021 IS
EXPECTED TO
STAY AT HEALTHY LEVEL OF MID-TEENS


Further company coverage:  1112.HK 

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