BaWang International (Group) (HKG:1338) expects a consolidated net profit of 5 million yuan for the first ten months of 2024, about 64% lower than the same period last year, a Friday Hong Kong bourse filing said.
The personal care product company attributed the decrease to an increase in advertisement, general and administrative expenses, and an increase in investment in research and development.
The shares of the company closed nearly 2% higher on Friday.
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