Brief: Xtep International Says Sees About 45%-55% Decrease In HY Unaudited Consol Profit Attributable
21/07/2020 15:46
July 21 (Reuters) - Xtep International Holdings Ltd
1368.HK :
* XTEP INTERNATIONAL SEES ABOUT 45% TO 55% DECREASE IN
UNAUDITED
CONSOLIDATED PROFIT ATTRIBUTABLE FOR HY
* EXPECTED RESULT DUE TO MID-SINGLE DIGIT DECLINE IN REVENUE
&
ABOUT 25% TO 30% DECREASE IN SEGMENT PROFIT OF CORE XTEP BRAND
* CAUTIOUSLY OPTIMISTIC RECOVERY MOMENTUM OF OPERATIONS IN
MAINLAND CHINA WILL CONTINUE INTO H2 2020
Source text https://bit.ly/2Bn3mKi
Further company coverage: 1368.HK
((Reuters.Briefs@thomsonreuters.com;))
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