Brief: Miji International Posts Net Profit For Year Rmb19.9 Mln Vs Rmb23.7 Mln

AI Health Technology

18/03/2020 14:18

March 18 (Reuters) - Miji International Holdings Ltd
 1715.HK :
    * NET PROFIT FOR YEAR RMB19.9 MILLION VERSUS RMB23.7 MILLION
    * FY REVENUE RMB246.3 MILLION VERSUS RMB281.7 MILLION
    * EXPECTS COVID-19 OUTBREAK MAY HAVE ADVERSE IMPACT TO
FINANCIAL
PERFORMANCE OF GROUP FOR SIX MONTHS ENDING 30 JUNE 2020
    * MANAGEMENT IS YET TO BE ABLE TO ESTIMATE OVERALL COVID
IMPACT TO
FINANCIAL PERFORMANCE AND POSITION OF GROUP
    * GROUP'S PRODUCTION VOLUME AND CUSTOMER DEMAND FOR FIRST
HALF OF
2020 MAY ALSO DECLINE DUE TO CORONAVIRUS
    * GROUP EXPERIENCED DELAY IN SUPPLY OF RAW MATERIALS FROM
ITS
SUPPLIERS
    * OUTBREAK OF COVID-19 SIGNIFICANTLY REDUCED CONSUMER
SPENDING,
HENCE, RETAIL SALES OF CONSUMER GOODS ADVERSELY AFFECTED

Source text for Eikon:  ID:nHKSVRTSQ 
Further company coverage:  1715.HK 

 ((Reuters.Briefs@thomsonreuters.com;))