Brief: Stella International Holdings Says Qtrly Consol Revenue Fell 4 Pct

Stella International Holdings

12/04/2018 10:54

April 12 (Reuters) - Stella International Holdings Ltd
 1836.HK :
    * QTRLY CONSOLIDATED REVENUE US$294.6 MILLION, DOWN 4.0%
    * EXPECTS DEMAND FOR FASHION PRODUCTS TO RECOVER FURTHER
DURING
REST OF YEAR
    * GROUP'S CUSTOMER NINE WEST HOLDINGS, THAT CONTRIBUTED
ABOUT 2.8%
OF GROUP'S TOTAL REVENUE LAST YEAR, FILED FOR BANKRUPTCY
PROTECTION
    * AS AT DATE OF ANNOUNCEMENT, OUTSTANDING TRADE RECEIVABLES
OWED
BY NINE WEST AMOUNTED TO ABOUT US$10.7 MILLION
    * IS SEEKING LEGAL ADVICE FOR RECOVERY OF OUTSTANDING TRADE
RECEIVABLES AND FOR PROTECTION OF ONGOING SUPPLIES OF CO

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