Hong Kong Asia Holdings (01723.HK) announced that the group expects the company's attributable profit to owners for the six months ending September 30, 2024 to decrease by approximately 91% compared to the same period last year.
The decrease in the company's attributable profit to owners is mainly due to a decrease in the total sales value of the Hong Kong retail trade in this period, coupled with an increase in discounts offered to customers by the group due to intense market competition in this period.