US Stocks Movement | MINISO surges over 5%, expects Q1 profit to increase by approximately 195% to 200% year-on-year
Gelonghui, May 13 — MINISO (MNSO.US) rose over 5%, trading at $14.85. According to reports, MINISO issued a profit alert, estimating that its Q1 revenue will be about 5.678 billion to 5.728 billion yuan, an increase of approximately 28% to 29% year-over-year; operating profit is expected to be about 1.511 billion to 1.531 billion yuan, up about 113% to 116% year-over-year; profit is expected to be about 1.228 billion to 1.248 billion yuan, up about 195% to 200% year-over-year; and adjusted net profit excluding exchange gains and losses is estimated at about 624 million to 644 million yuan, an increase of about 7% to 10% year-over-year.
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