Brief: Embry Holdings Sees Net Profit Of Group For Six Months Will Decrease
24/07/2020 11:23
July 24 (Reuters) - Embry Holdings Ltd 1388.HK :
* SEES NET PROFIT OF GROUP FOR SIX MONTHS WILL DECREASE
* EXPECTED RESULT DUE TO TEMPORARY SUSPENSION OF OPERATIONS
OF
VARIOUS SHOPS OF GROUP
* MAY RECORD A NET LOSS RANGING FROM HK$30 MILLION TO HK$45
MILLION FOR SIX MONTHS
* OVERALL SALES OF GROUP DURING Q2 RECORDED A DECREASE OF
ABOUT
30% YOY
* AS AT JUNE 30, NUMBER OF RETAIL OUTLETS NET DECREASED BY
170 AS
COMPARED TO THAT AS AT END OF DECEMBER LAST YEAR
* WILL CONTINUE TO CLOSE STORES WITH LOWER EFFICIENCY DURING
2020
* Q2 RECORDED DOUBLE-DIGIT DECREASE IN SAME STORES SALES
Source text for Eikon: urn:newsml:reuters.com:*:nHKS1gYgXT
Further company coverage: 1388.HK
((Reuters.Briefs@thomsonreuters.com;))
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