Brief: Bauhaus International (Holdings) Sees Net Loss Increase For Six Months

Bauhaus International (Holdings)

09/10/2019 10:56

Oct 9 (Reuters) - Bauhaus International (Holdings) Ltd
 0483.HK :
    * GROUP'S NET LOSS FOR SIX MONTHS EXPECTED TO INCREASE TO
ABOUT
BETWEEN HK$60 MILLION TO HK$95 MILLION
    * INCREASE IN NET LOSS DUE TO ADVERSE SALES PERFORMANCE IN
ITS
CORE MARKETS, PARTICULARLY IN HONG KONG AND TAIWAN
    * SALES PERFORMANCE IN HK WAS SERIOUSLY HIT BY ONGOING
SOCIAL
INCIDENTS IN HONG KONG SINCE JUNE 2019
    * SAME STORE SALES GROWTH OF GROUP'S SELF-MANAGED OFFLINE
SHOPS
FOR QUARTER ENDED 30 SEPTEMBER DOWN 21%
    * SALES IN TAIWAN OPERATING SEGMENT DROPPED SUBSTANTIALLY
DUE TO
PROLONGED WEAK CONSUMPTION ATMOSPHERE IN REGION

Source text for Eikon: urn:newsml:reuters.com:*:nHKSc8Jx9h
Further company coverage:  0483.HK 

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