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Haidilao International Shares Jump on Surprise Profit Guidance

Por: MarketWatch Business February 27, 2023

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In a stock exchange release late Friday, Haidilao said it expected to swing to net profit of at least 1.30 billion Chinese yuan (US$186.9 million), even though revenue is expected to decline by around 16%. The restaurant chain's improved earnings was mostly due to Haidilao's efforts to streamline its operations, as well as a gain of around CNY329 million after the company's repurchase of corporate bonds due in 2026, Haidilao said.... + full article



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