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Mixue shares extend slide after profit drops despite revenue rise
The company reported lower first-half profit even as revenue increased, reflecting higher costs.
Mixue, the Chinese ice cream and tea chain, saw its shares extend losses after it reported weaker earnings for the first half of the year, according to CNBC World.
The outlet said the company’s first-half profit fell even though revenue rose, pointing to cost pressures.
As a result, investors pushed the stock further lower following the earnings update.
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