Brief: Embry Holdings Expected Group's Net Profit For Year Will Decrease By About 50%
23/01/2020 10:09
Jan 23 (Reuters) - Embry Holdings Ltd 1388.HK :
* EXPECTED THAT NET PROFIT OF GROUP FOR YEAR WILL DECREASE
BY
APPROXIMATELY 50%
* EXPECTED RESULT DUE TO MID-SINGLE-DIGIT DECREASE IN SALES
AS
COMPARED TO THAT OF LAST YEAR, AMONG OTHERS
* Q4 SAME STORE SALES RECORDED A SINGLE-DIGIT DECREASE
YEAR-ON-YEAR
* OVERALL SALES FOR OCT TO DEC REMAINED STEADY COMPARED TO
SAME
PERIOD LAST YEAR
* WILL CONTINUE TO CLOSE STORES WITH LOWER EFFICIENCY DURING
2020
Source text for Eikon: ID:nHKS9B3CYt
Further company coverage: 1388.HK
((Reuters.Briefs@thomsonreuters.com;))
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