Brief: Luk Fook Holdings International Says Overall Same Store Sales Growth Declined By 57% For 4Q

Luk Fook Holdings (International)

16/04/2020 15:15

April 16 (Reuters) - Luk Fook Holdings International Ltd
 0590.HK :
    * LUK FOOK HOLDINGS INTERNATIONAL LTD-  OVERALL SAME STORE
SALES
GROWTH DECLINED BY 57% FOR 4Q FY2020
    * LUK FOOK HOLDINGS INTERNATIONAL LTD- RETAIL SALES AMOUNT
OF HONG
KONG AND MACAU MARKET DECREASED BY MORE THAN 60% DURING 4Q
    * LUK FOOK HOLDINGS INTERNATIONAL LTD - GROUP PROACTIVELY
NEGOTIATED WITH LANDLORDS FOR RENTAL REDUCTIONS
    * LUK FOOK HOLDINGS INTERNATIONAL LTD -  GROUP HAS ADOPTED
NATURAL
TURNOVER AND NO PAY LEAVE MEASURES FOR COST-SAVING OF STAFF
COSTS
    * LUK FOOK HOLDINGS INTERNATIONAL- RETAIL SALES AMOUNT OF
ALL
LICENSED SHOPS AND SELF-OPERATED SHOPS OF GROUP TOGETHER IN
MAINLAND DOWN 50% DURING 4Q
    * LUK FOOK HOLDINGS INTERNATIONAL - EXPANSION PLAN FOR
FY2020 NOT
BEEN SERIOUSLY AFFECTED AS MOST NEW SHOPS WERE OPENED BEFORE
OUTBREAK

Source text for Eikon:  ID:nHKS5RzW9m 
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