TSUI WAH HLDG (01314) issued a profit warning, expecting a year-on-year decline in net profit of 50%-70%.

TSUI WAH HLDG(01314) announced that compared to the net profit attributable to owners of the company of approximately HK$39 million for the financial year ending March 31, 2024, the group's net profit for the financial year ending March 31, 2025 is expected to decrease by no less than 50% but not more than 70%. The board of directors believes that the expected decrease is mainly due to the less than ideal economic environment in Hong Kong and mainland China; an increase in inbound tourism to Hong Kong; intense competition in the mainland China restaurant industry; and the impact of the US-China trade war.