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116 - Chow Sang Sang Holdings International News Story

HK$14 -0.1  -0.7%

Last Trade - 9:08am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £893.9m
Enterprise Value £1.08bn
Revenue £1.41bn
Position in Universe 945th / 6084

BRIEF-Chow Sang Sang Holdings International Posts FY Profit Attributable Of HK$643.5 Mln

March 26 (Reuters) - Chow Sang Sang Holdings International
Ltd  0116.HK :
    * FY TURNOVER HK$17.74 BILLION VERSUS HK$18.81 BILLION 
    * RECOMMENDED FINAL DIVIDEND OF HK25.0 CENT PER ORDINARY
SHARE
    * FY PROFIT ATTRIBUTABLE HK$643.5 MILLION VERSUS  HK$1.01
BILLION
    * APPROACHING END OF MARCH, OVER 95% OF STORES IN MAINLAND
CHINA
ARE OPERATING, ALBEIT WITH CURTAILED BUSINESS HOURS
    * SSSG IN MAINLAND CHINA AND IN HONG KONG & MACAU FOR JAN &
FEB
WERE DOWN 45% AND DOWN 44% RESPECTIVELY
    * NEGOTIATED WITH LANDLORDS FOR RELIEF IN SHOP RENTALS;
GRANTED
REDUCTIONS OF FEB AND MAR RENTS
    * COVID-19 IMPACT ON BUSINESS IS ALARMING
    * HAVE TAKEN MEASURES TO REDUCE SPENDING BY FREEZING
HEADCOUNTS,
DELAYING NEW STORE OPENINGS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS99B9Gg
Further company coverage:  0116.HK 

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