Brief: Prosper One International Holdings Sees FY Loss Attributable Of About HK$58 Mln To HK$60 Mln
24/07/2020 11:38
July 24 (Reuters) - Prosper One International Holdings
Company Ltd 1470.HK :
* EXPECT LOSS ATTRIBUTABLE OF ABOUT HK$58 MILLION TO HK$60
MILLION
FOR YEAR
* PROSPER ONE INTERNATIONAL HOLDINGS SEES LOSS ATTRIBUTABLE
OF
ABOUT HK$58 MILLION TO HK$60 MILLION FOR YEAR
* EXPECTED RESULT DUE TO DECREASE IN REVENUE FROM RETAIL
BUSINESS
OF WATCHES IN HONG KONG
* IMPOSED SERIES OF COST SAVING MEASURES, INCLUDING SALARY
REDUCTION SCHEME FOR MANAGEMENT
* COST SAVING MEASURES INCLUDE MINIMIZATION OF OPERATING
COSTS &
CLOSURE OF LOSS-MAKING STORES
Source text for Eikon: ID:nHKSb01xFz
Further company coverage: 1470.HK
((Reuters.Briefs@thomsonreuters.com;))
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