Brief: Xtep International Updates On Operations Amid Outbreak Of Coronavirus

Xtep International Holdings

18/02/2020 05:56

Feb 18 (Reuters) - Xtep International Holdings Ltd
 1368.HK :
    * OPERATIONAL UPDATE AMID RECENT OUTBREAK OF CORONAVIRUS
DISEASE
IN MAINLAND CHINA
    * EXPECTS THAT CORONAVIRUS OUTBREAK WILL ADVERSELY AFFECT
GROUP'S
FINANCIAL PERFORMANCE IN FIRST HALF OF 2020
    * XTEP'S BRANDED OFFLINE STORES, IN-HOUSE PRODUCTION
FACILITIES &
OFFICES PARTIALLY RESUMED OPERATIONS SINCE 10 FEB
    * RECOVERY EXPECTED IN SECOND HALF OF 2020
    * PART OF IN-HOUSE PRODUCTIONS ARE STILL SUFFERING
INTERRUPTIONS
AS EMPLOYEES ARE UNABLE TO RETURN TO FACTORIES
    * EXPECTS INTERRUPTED PRODUCTION LINES AND OFFLINE STORES
WILL
RESUME NORMAL OPERATIONS BY END FEB

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSXP9gp
Further company coverage:  1368.HK 

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