Financial pain of pandemic laid bare in Chinese restaurant operator's H1 results

Published on
October 12, 2022
Jiumaojiu International Holdings reported a 6.1 percent drop in revenue year-on-year for the first six months of 2021.

The impact of the pandemic on Chinese consumption has been laid bare in the results of a leading restaurant chain serving seafood across the country.

Jiumaojiu International Holdings reported a 6.1 percent drop in revenue year-on-year for the first six months of the year to CNY 1.89 billion (USD 263.4 million, EUR 271.3 million). Profit for the period decreased by 69.5 percent to CNY 62.5 million (USD 8.7 million, EUR 9 million) ... 

Photo courtesy of Jiumaojiu International Holdings

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