Brief: Crocodile Garments Says Annual Results For Year Is Expected To Deteriorate Greatly
15/08/2019 09:55
Aug 15 (Reuters) - Crocodile Garments Ltd 0122.HK :
* ANNUAL RESULTS FOR YEAR IS EXPECTED TO DETERIORATE GREATLY
* EXPECTED RESULT DUE TO LARGE DECREASE IN GAINS ARISING
FROM
REVALUATION OF GROUP'S INVESTMENT PROPERTIES
* RESULTS FOR YEAR IS EXPECTED TO DETERIORATE COMPARED TO
CONSOLIDATED PROFIT ATTRIBUTABLE OF HK$162.5 MILLION IN LAST
YEAR
* SPENDING DESIRE OF HK & OVERSEAS CUSTOMERS IN FY DROPPED
DUE TO,
AMONG OTHER REASONS, DOWNTURN OF GLOBAL ECONOMY & SOCIAL CHAOS
* IF NEGATIVE IMPACT OF EXISTING SOCIAL CHAOS BECOMES
SEISMIC,
RESULTS OF GARMENT BUSINESS ARE POSSIBLY FORESEEN TO WORSEN
* UNDER DECELERATING GLOBAL ECONOMY, HK GOVERNMENTAL COOLING
MEASURES & CIVIL UNREST, MOMENTUM OF HK PROPERTY MARKET WITHERED
IN FY
Source text for Eikon: urn:newsml:reuters.com:*:nHKS9wMsgw
Further company coverage: 0122.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Crocodile Garments
See all newsBrief: Crocodile Garments Agrees To Sell Property For Hk$22.8 Million
Brief: Crocodile Garments Expects HY Interim Consolidated Loss Attributable To Owners Of HK$18 Million
Brief: Crocodile Garments Says Matthew Lam Retires As Executive Director
Brief: Crocodile Garments Loss For Year Attributable Hk$108 Million
Brief: Crocodile Garments Expects FY Consolidated Loss Attributable Of Not More Than HK$110 Million