Brief: Zall Smart Commerce Group Says Co Expects Group May Record Increase In FY Revenue

Zall Smart Commerce

02/03/2020 15:24

March 2 (Reuters) - Zall Smart Commerce Group Ltd  2098.HK :
    * EXPECTED THAT GROUP MAY RECORD AN INCREASE OF ABOUT 25% TO
40%
IN ITS REVENUE FOR YEAR
    * EXPECTED GROUP MAY RECORD SIGNIFICANT DECREASE OF MORE
THAN 90%
IN ITS PROFIT FOR YEAR
    * EXPECTED DECREASE IN PROFIT DUE TO CHANGE OF MAIN BUSINESS
REVENUE SEGMENTS OF GROUP, AMONG OTHER THINGS
    * CORONAVIRUS EPIDEMIC LED TO TEMPORARY CLOSURE OF OFFLINE
COMMODITY TRADING MARKETS OPERATED BY GROUP
    * EXPECTED INCREASE IN REVENUE DUE TO GROWTH IN SUPPLY CHAIN
MANAGEMENT BUSINESS
    * CORONAVIRUS EPIDEMIC LED TO POSSIBLE DELAY IN CONSTRUCTION
PROGRESS OF PROPERTY DEVELOPMENT PROJECTS IN TIANJIN AND
JINGZHOU

Source text for Eikon:  ID:nHKS3FWD7H 
Further company coverage:  2098.HK 

 ((Reuters.Briefs@thomsonreuters.com;))