HK restaurant operator Fairwood set for worst day in 10 yrs on weak H1

Fairwood Holdings

27/11/2018 07:33

** Shares of Fairwood Holdings Ltd  0052.HK  fall as much as
8.8 pct to HK$26.30, the lowest since Nov. 12, after the fast
food chain operator posts weak first-half earnings
    ** The stock later trims losses to HK$26.65, still down 7.6
pct, and heads for the worst day since November 2008 
    ** The Hong Kong-based operator says its H1 profit falls 14
pct with gross profit margin easing to 13.7 pct from 15.1 pct a
year earlier  urn:newsml:reuters.com:*:nFWN1Y205K
    ** It posted 12.8 pct growth in H1 profit a year earlier   
    ** As of the last close, the stock has fallen 9.8 pct so far
this year
    ** Fairwood has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 4.6 percentage points in the
past month
    ** The Hong Kong Hang Seng sub-index tracking consumer
services firms  .HSCIS  edges up 0.1 pct


 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)