Brief: Joyas International decides to scale down jewellery products business

Joyas International Holdings

17/11/2016 09:36

Nov 17 (Reuters) - Joyas International Holdings Ltd 
 JIHL.SI  :  
    * Group may incur restructuring costs or dispose of its 
inventories at a loss 
    * Group expects sales in its metal gift products and 
jewellery products business to remain weak in 12 months 
    * Loss on disposal of fixed assets relating to jewellery 
products business, if any, is expected to be minimal 
    * Group has decided to scale down its jewellery products 
business 
    * Group expects revenue and costs of jewellery products 
business to be reduced 
    * "Focus its resources and efforts on its metal gifts 
business, financing business and its nickel ore trading 
business" 
    * Group has decided to scale down its jewellery products 
business 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZTL663 
Further company coverage:  JIHL.SI  
 
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