Brief: Kaisun Holdings Posts FY Revenue HK$138.4 Mln

Kaisun Holdings

20/03/2020 15:11

March 20 (Reuters) - Kaisun Holdings Ltd  8203.HK :
    * FY REVENUE HK$138.4 MILLION VERSUS HK$149.1 MILLION
    * FY LOSS ATTRIBUTABLE HK$208.6 MILLION VERSUS PROFIT OF
HK$10.5
MILLION
    * "DO NOT EXPECT WE CAN DO ANYTHING MEANINGFUL TILL JUNE OR
JULY
WHEN WE HAVE A CLEAR PICTURE OF REAL EFFECT OF THIS PANDEMIC"
    * BARELY COMMITTED NEW BUSINESS IN Q3 & Q4 OF 2019
    * ON PRODUCTION SIDE, OUR MAINLAND OPERATIONS HAD BEEN
AFFECTED BY
COVID-19 VIRUS
    * ESPORTS FESTIVAL WORLD FINALS LIKELY LAST PHYSICAL EVENT
DIVISION WILL PRODUCE IN NEAR FUTURE
    * ESPORTS FESTIVAL WORLD FINALS LIKELY LAST PHYSICAL EVENT
DIVISION WILL PRODUCE IN NEAR FUTURE
    * GROUP'S COMMODITIES TRADE WILL HALT FOR TIME BEING UNTIL
3RD
QUARTER OF 2020 DUE TO OUTBREAK OF CORONAVIRUS

Source text for Eikon:  ID:nHKS46PyXY 
Further company coverage:  8203.HK 

 (Reuters.Briefs@thomsonreuters.com)