Brief: China Ting Group FY Loss HK$54.7 Mln

China Ting group

25/03/2020 14:45

March 25 (Reuters) - China Ting Group Holdings Ltd
 3398.HK :
    * FY TOTAL REVENUE HK$1,899.0 MILLION VERSUS HK$ 2,274.8
MILLION
    * FY LOSS ATTRIBUTABLE HK$54.7 MILLION VERSUS PROFIT OF 
HK$21.0
MILLION
    * MANAGEMENT EXPECTS GROUP'S BUSINESS PERFORMANCE FOR SIX
MONTHS
ENDING 30 JUNE 2020 TO BE UNFAVORABLE
    * CERTAIN RETAIL STORES AND OVERSEAS OEM CUSTOMERS OF GROUP
EXPERIENCED DIFFICULTY IN RESUMING THEIR NORMAL OPERATIONS IN
SHORT TERM
    * FOLLOWING COVID-19 OUTBREAK, GROUP ALSO EXPECTS A LONGER
PERIOD
OF TIME TO COLLECT TRADE RECEIVABLES

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9RsgbH
Further company coverage:  3398.HK 

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