Shanghai New World Co., Ltd. Provides Earnings Guidance for the First Half of 2019
July 22, 2019
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Shanghai New World Co. Ltd. provided earnings guidance for the first half of 2019. The Company predicts the net profit belonging to shareholders of the company in the first half of 2019 will be between RMB 69 million and RMB 89 million, with a decrease of between RMB 106.73 million and RMB 126.73 million compared with the same period of the year before and with a year-on-year decrease of between 54.53% and 64.75%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss in the first half of 2019 will be between RMB 31 million and RMB 51 million, with a decrease of between RMB 100.10 million and RMB 120.10 million compared with the same period of the year before and with a year-on-year decrease of between 66.25% and 79.48%.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
