JS Global Lifestyle (01691.HK): Expected Net Profit of No Less Than US$12 Million for First Half

NewTimeSpace · 2026/08/03 17:31 · By Boyuan Chen

NewTimeSpace News: JS Global Lifestyle announced on August 3 that it expects to record a net profit of no less than US$12 million for the six months ended June 30, 2026, swinging from a net loss of approximately US$53.7 million in the same period last year.

NewTimeSpace News: On August 3, 2026, JS Global Lifestyle (01691.HK) released a positive profit forecast. Based on preliminary review of unaudited consolidated management accounts, the Group expects to achieve a net profit of no less than US$12 million in the 2026 interim period, versus a net loss of approximately US$53.7 million recorded in the same period last year.

The announcement stated that the swing from loss to profit was mainly driven by lower expense ratio amid stringent cost control, a material reduction in net expenses related to restricted share awards, as well as revenue growth and improved profitability of its SharkNinja business in the Asia-Pacific region.

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