Bossini half-year loss could quadruple

Chairman Bess Tsin said in a stock-exchange filing that the group expects to record a loss attributable to shareholders ranging between HK$85 million and $105 million for the six months ended December 31.

That could be as much as four times the loss of $26 million it recorded in the same six months a year earlier.

Tsin said the loss was “mainly due to a sharp decline in inbound visitors in Hong Kong, the Mainland China-US trade disputes, weakened consumer sentiment and the unseasonably warm winter weather in several core markets where the group operates”.

Bossini is scheduled to release its half-year results in “mid-February”.