Shein shares fall as profits slump following Hong Kong listing

Summarised from 2 outlets · Updated 29 Sept, 22:54 · Archive

Shein's second quarter profits fell 66 per cent year-on-year to £173m after its Hong Kong Stock Exchange listing.

Shein, which listed on the Hong Kong Stock Exchange on 1 September, has reported a 66 per cent drop in second quarter profits to £173m. The fast-fashion retailer also noted an uncertain backdrop and European sales decline. This is Money reports an 'Iran fallout' connection, though details are not specified.

How it is being reported

• Shein shares crash to record low as profits slump amid Iran falloutThis is Money · 29 Sept, 22:00
• Shein cautions over uncertain backdrop after European sales slideIndependent Business · 28 Sept, 16:41

In this story: Shein · Hong Kong Stock Exchange

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