Brief: Simplicity Holding Posts FY Losses Before Tax HK$44.7 Million

Simplicity Holding

23/06/2020 16:08

June 23 (Reuters) - Simplicity Holding Ltd  8367.HK :
    * FY LOSSES BEFORE TAX HK$44.7 MILLION VERSUS LOSS OF HK$15
MILLION
    * FY REVENUE HK$116.4 MILLION VERSUS HK$142.4 MILLION
    * AS OF DATE, CO'S CURRENT LIABILITIES EXCEEDED CURRENT
ASSETS BY
HK$46.2 MILLION
    * DUE TO COVID-19 MEASURES & OTHER EVENTS,THERE IS MATERIAL
UNCERTAINTY WHICH MAY CAST DOUBT ON CO'S ABILITY TO CONTINUE AS
GOING CONCERN
    * GROUP MAY BE UNABLE TO REALISE ITS ASSETS AND DISCHARGE
ITS
LIABILITIES IN NORMAL COURSE OF BUSINESS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbvbz1R
Further company coverage:  8367.HK 

 (Reuters.Briefs@thomsonreuters.com)