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Natural Beauty (00157): 1H profit drops significantly
22 Jul 2019
(Infocast News) Natural Beauty Bio-Technology (00157) expects a significant decline in its profits for the six months ended 30 June 2019 compared to its profits for the corresponding period of 2018.

The main reasons for the profit decline are: (i) adverse impact from RMB depreciation; (ii) higher expenses due to more research & development and new product launch efforts aiming at expanding the group's customer base; and (iii) continuous adjustment of distribution channels and investment in marketing to enhance the brand value.

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