The group pointed out that the underlying profit performance in the second half of last year has improved significantly, with a profit of US$80 million, compared with a loss of US$52 million in the first half of last year. As the group continues to transform and help the business improve, it is expected to continue to improve this year, but it is necessary to monitor changes in inflation and consumer sentiment.
The Hong Kong business was affected by the fifth wave of the epidemic and lockdown measures last year, which caused significant changes in consumer behavior and put pressure on the supply chain and store operations. However, Mannings Pharmacy in Hong Kong can still increase its market share. The loss of Yonghui Supermarket in the mainland has narrowed, and the Southeast Asian market has benefited from the economic restart. However, the local people’s travel and other service needs, coupled with no longer eating at home, have reduced the demand for retail supermarket business.
DFI also pointed out that its share of the loss of the associated company was US$35 million. Among them, the joint venture Maxim’s Group returned to profitability in the second half of the year after a loss in the first half of last year. The group’s share of Maxim’s profit for the year was about US$38 million. At the same time, Yonghui Superstores, which has a share of the mainland market, suffered a loss of about US$80 million.
other reports
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Minority shareholders of HSBC intend to propose resolutions at the shareholders’ meeting, Ping An Insurance: Research will be conducted after the motion is made public
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Hong Kong Broadband: I Squared said that it may propose to acquire the company to further discuss the resumption of trading in the afternoon
.png "Café Show – Award for the Yemeni film “The Exhausted” at the Berlin Film Festival")
