Brief: China Dongxiang (Group) Says Q4 Retail Performance Of Kappa Stores For Overall Platform Registered High-Twenties Decrease Year-On-Year

China Dongxiang (Group) Co

17/04/2020 11:31

April 17 (Reuters) - China Dongxiang (Group) Co Ltd
 3818.HK :
    * Q4 RETAIL PERFORMANCE OF KAPPA STORES FOR OVERALL PLATFORM
REGISTERED HIGH-TWENTIES DECREASE ON A YEAR-ON-YEAR BASIS
    * FOR Q4, IN RESPECT OF KAPPA STORES SAME STORE SALES FOR
OVERALL
PLATFORM REGISTERED MID-TO-LOW SINGLE-DIGIT DECREASE
    * SAME-STORE SALES FOR OVERALL PLATFORM FOR 12 MONTHS OF
FY2019/20
RECORDED MID-TO-LOW SINGLE-DIGIT GROWTH ON A YOY BASIS
    * FOR Q4 NUMBER OF KAPPA-BRANDED STORES OF GROUP WAS 1,129
WHICH
WAS NET DECREASE OF 80
    * AS AT APRIL 17, IMPACTS OF COVID-19 ON ORDINARY OPERATION
OF
KAPPA BUSINESS OF GROUP HAVE BEEN TEMPORARY AND LIMITED
    * FOR PERIOD FROM COVID-19 OUTBREAK TO 31 MARCH, 98% OF
TOTAL.
KAPPA-BRANDED STORES OF GROUP  RESUMED OPERATIONS

Source text for Eikon:  ID:nHKS7WjBbg 
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