Brief: Auto Italia Expects 10-Month Revenue Of Group To Decrease

Auto Italia Holdings

18/11/2019 11:53

Nov 18 (Reuters) - Auto Italia Holdings Ltd  0720.HK :
    * EXPECTED THAT FOR TEN MONTHS, REVENUE OF GROUP DECREASED
AND
LOSS BEFORE INCOME TAX OF GROUP WIDENED
    * AUTO ITALIA HOLDINGS LTD SEES 10-MONTH ENDED 31 OCT
REVENUE
ABOUT HK$206 MILLION VERSUS HK$289 MILLION
    * SEES 10-MONTH UNAUDITED LOSS BEFORE INCOME TAX AT ABOUT
HK$8
MILLION VERSUS LOSS OF ABOUT HK$1 MILLION
    * SEES LOSS DUE TO DECLINE IN REVENUE OF CAR DIVISION OWING
TO
UNCERTAIN ECONOMIC ENVIRONMENT AND WEAK MARKET SENTIMENT
    * EXPECTED THAT OPERATING ENVIRONMENT FOR REST OF YEAR
REMAINS
CHALLENGING

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6Pw68r
Further company coverage:  0720.HK 

 (Reuters.Briefs@thomsonreuters.com)