Brief: Citychamp Watch & Jewellery says HY profit for the period HK$135.2 million

Citychamp Watch & Jewellery

31/08/2016 24:28

Aug 30 (Reuters) - Citychamp Watch & Jewellery Group Ltd  0256.HK : 
 
 * Press release - Citychamp-announcement of unaudited interim results for the six months ended 30 June 2016  0256.HK  
 * HY revenue HK$1.41 billion versus HK$1.72 billion 
 * Says HY profit for the period HK$135.2 million versus HK$226.5 million 
 * Directors do not recommend the payment of an interim dividend for the period ended 30 June 2016 
 * "it is expected that the e-Commerce will be able to maintain a high growth rate in the forthcoming year" 
 * Economic growth of mainland China is expected to slow down 
 * outlook of group is constrained by declining economic growth, political scenario in US, Europe as well as Asia 
 * Remain positive and hold an optimistic long-term view about the future of the group 
 
* Source text for Eikon  urn:newsml:reuters.com:*:nHKSb2SK14 
 
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