Drops as sales disappoint

JX Luxventure

27/08/2019 19:07

** China-based casual menswear company's U.S.-listed shares
fall as much as 13.3% to $2.34
    ** Says Q2 sales from its distribution network fell by 22%
to $2.39 mln, as the number of distributors declined to 17 from
24, a year earlier
    ** Distribution network contributed 54.1% of total revenues
in Q2, compared with 78.7%, a year earlier; KBSF's total Q2
sales rise 13.6% to $4.4 mln
    ** Up to Monday's close, stock dropped ~9% YTD

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))