Brief: Xiabuxiabu Catering Management (China) Sees FY Revenue Of RMB 6.15 Bln

Xiabuxiabu Catering Management (China) Holdings

11/03/2022 04:06

March 11 (Reuters) - Xiabuxiabu Catering Management (China)
Holdings Co Ltd  0520.HK :
    * SEES REVENUE OF RMB6.15 BILLION FOR YEAR
    * SEES NET LOSS RANGING FROM APPROXIMATELY RMB275 MILLION TO
RMB295 MILLION FOR YEAR
    * DECREASE IN NET LOSS AS ONE-OFF LOSS WRITTEN-OFF FROM
LONG-TERM
ASSETS, AMONG OTHERS
    * IN MIDDLE OF 2022, TO CONSOLIDATE MEMBERSHIP SYSTEMS OF
BUSINESS
UNITS TO INCREASE RESTAURANT'S OPERATING PROFIT

Further company coverage:  0520.HK 

 (Reuters.briefs@thomsonreuters.com)