Brief: Csmall Group Sees H1 Net Profit Attributable Of RMB20 MLN To RMB30 MLN

Mount Everest Gold Co

16/08/2021 15:22

Aug 16 (Reuters) - CSMall Group Ltd  1815.HK :
    * SEES NET PROFIT ATTRIBUTABLE OF RMB20 MILLION TO RMB30
MILLION
FOR 1H
    * EXPECTED RESULT DUE TO SIGNIFICANT DECREASE IN
ADMINISTRATIVE
EXPENSES
    * BETWEEN APRIL & MAY 2021 GROUP ENTERED SEVERAL AGREEMENTS
WITH
INDEPENDENT THIRD PARTY JEWELLERY ENTERPRISE FOR RMB810 MILLION
    * AGREEMENTS WERE TO PROCURE CERTAIN CRUSHED COLORED
GEMSTONES
    * WITH INCREASE IN COVID-19 CASES IN CHINA IN RECENT WEEKS,
SALES
VOLUME OF JEWELLERY PRODUCTS EXPECTED TO BE ADVERSELY AFFECTED
    * AGREED WITH ORIGINAL SELLER TO RETURN PART OF COLORED
GEMSTONES
AMOUNTING TO ABOUT RMB345 MILLION

Source text for Eikon:  ID:nHKS5Wjw77 
Further company coverage:  1815.HK 

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