Brief: Royale Furniture Sees Significant Loss Attributable Within Range Of About Hk$115 Mln To Hk$135 Mln For HY

Royale Home Holdings

05/08/2020 16:23

Aug 5 (Reuters) - Royale Furniture Holdings Ltd  1198.HK :
    * ROYALE FURNITURE SEES SIGNIFICANT LOSS ATTRIBUTABLE WITHIN
RANGE
OF ABOUT HK$115 MILLION TO HK$135 MILLION FOR HY
    * ROYALE FURNITURE- REVENUE OF GROUP IS ALSO LIKELY TO
DECLINE
SIGNIFICANTLY, REPRESENTING A FIGURE WITHIN RANGE OF 40% TO 50%
FOR HY
    * ROYALE FURNITURE SEES SUBSTANTIAL DECREASE IN GROSS PROFIT
MARGIN TO ABOUT -3% TO -7% FOR HY
    * ROYALE FURNITURE- EXPECTED RESULT DUE TO DECREASE IN
REVENUE
FROM SALE OF FURNITURE

Further company coverage:  1198.HK 

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