Brief: Luk Fook Holdings Int'l Posts Q2 Overall Same Store Sales Decline Of 37%

Luk Fook Holdings (International)

17/10/2019 10:16

Oct 17 (Reuters) - Luk Fook Holdings International Ltd
 0590.HK :
    * SAME STORE SALES GROWTH OF HONG KONG & MACAU MARKET FOR 2Q
FY2020 FELL 39%
    * Q2 OVERALL SAME STORE SALES DECLINE OF 37%
    * Q2 SAME STORE SALES GROWTH FOR MAINLAND CHINA FELL 25%
    * EXPECTED THAT NET SHOP ADDITIONS IN MAINLAND MARKET FOR
FY2020
WILL BE AT LEAST 200 SHOPS
    * HK & MACAU SSSG FELL DUE TO HIGH GOLD PRICE, DECLINE IN
VISITORS
TO HK DUE TO ONGOING SOCIAL ACTIVITIES
    * GROUP IS ALSO PROACTIVELY NEGOTIATING WITH ALL LANDLORDS
IN HONG
KONG FOR RENTAL REDUCTION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSSNzsx
Further company coverage:  0590.HK 

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