The Swaqi Group said that China's sales are rebounding this month, and sales have plummeted by 50%due to the impact of the crown disease epidemic in December last year.
Bloomberg reported that the income gap was 700 million Swiss franc (below, about S $ 1 billion) due to China's epidemic, resulting in the company's profit growth rate slower than expected, and operating profit increased by 13%.The company's chief executive officer Yok said in an interview that this year's revenue may reach a record 9 billion Swiss franc.
As one of the company's largest market, its sales in China fell in the fourth quarter due to the blocked epidemic in the fourth quarter, and after the blocking was canceled, a wave of virus infection was ushered in.
The net sales announced by Swaqi were 7.5 billion Swiss francs, which increased by 4.6%year -on -year at a fixed exchange rate.Analysts expect 7.73 billion Swiss francs.
