Brief: Heng Tai Consumables Group Sees Decrease In HY Revenue Of About 25%

Heng Tai Consumables

21/02/2020 11:33

Feb 21 (Reuters) - Heng Tai Consumables Group Ltd  0197.HK :
    * ARE EXPECTED TO RECORD A DECREASE IN REVENUE OF ABOUT 25%
FOR
SIX MONTHS
    * BUSINESS UPDATE ON IMPACT OF NOVEL CORONAVIRUS EPIDEMIC
    * EXPECTED REVENUE DECREASE DUE TO CONTINUOUS WEAKENING
DEMAND IN
PRC CONSUMER MARKET
    * GROUP AND GROUP'S CUSTOMERS, SUPPLIERS AND BUSINESS
PARTNERS IN
CHINA HAVE BEEN AFFECTED BY EPIDEMIC
    * EXPECTED TO RECORD A DECREASE IN COMPARABLE LOSS FROM
OPERATIONS
FOR SIX MONTHS
    * IF EPIDEMIC CONTINUE TO DRAG ON AGRI-PRODUCTS SEGMENT AND
LOGISTICS SERVICES SEGMENT MAY BE SEVERELY AFFECTED
    * IF EPIDEMIC CONTINUE FMCG SEGMENT, AGRI-PRODUCTS SEGMENT
AND
LOGISTICS SERVICES SEGMENT MAY BE SEVERELY AFFECTED.
    * COVID-19 LIKELY TO HAVE AN ADVERSE EFFECT ON FINANCIAL
RESULTS
OF GROUP FOR CURRENT FINANCIAL YEAR

Source text for Eikon:  ID:nHKS1fbMNB 
Further company coverage:  0197.HK 

 ((Reuters.Briefs@thomsonreuters.com;))