Secoo Holding: Falls after quarterly results disappoint

Secoo Holding

16/07/2020 15:17

** U.S.-listed shares  SECO.O  of Chinese online pre-owned
luxury goods retailer  SECO.O  fall as much as 8.8% to $3.30
    ** Co's Q1 revenue slumps 14.5% to about 1 billion Chinese
yuan ($143.03 million), hurt by a slowdown in discretionary
spending and delayed logistics services due to the impact of
COVID-19 pandemic  urn:newsml:reuters.com:*:nGNXbTJTLq
    ** Reports Q1 net loss of 42.5 mln Chinese yuan, compared
with a profit of 15.8 mln Chinese yuan a year earlier
    ** YTD, stock has fallen more than 40%

($1 = 6.9915 Chinese yuan renminbi)

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))