Brief: Daphne International Updates On Possible Impact Of Coronavirus Outbreak On Business Operations

Daphne International Holdings

18/02/2020 09:09

Feb 18 (Reuters) - Daphne International Holdings Ltd
 0210.HK :
    * GROUP'S CORE BRANDS BUSINESS RECORDED DECLINE OF ABOUT 20%
IN
YEAR-ON- YEAR SAME-STORE SALES FOR YEAR ENDED 31 DEC
    * DUE TO VARIOUS RESTRICTIONS, MEASURES IMPOSED WITHIN
MAINLAND
CHINA, ONLY LESS THAN 10% OF POS FOR CORE BRANDS OPEN FOR
BUSINESS
    * THERE IS A RISK THAT IF RESTRICTIONS ARE PROLONGED, IT MAY
FURTHER LIMIT OPENING FOR BUSINESS OF POS FOR CORE BRANDS
    * MAJORITY OF GROUP'S OPERATIONS BASED IN MAINLAND CHINA &
RESTRICTIONS IMPOSED IN ATTEMPT TO CONTROL SPREAD OF CORONAVIRUS

Source text for Eikon:  ID:nHKS3hbT1q 
Further company coverage:  0210.HK 

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