Bossini half-year loss could quadruple
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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”.
Questions & Answers
Q.How does the projected half-year loss compare to the previous year's performance?
How does the projected half-year loss compare to the previous year's performance?
The expected loss of HK$85 million to $105 million for the recent half-year period could be up to four times greater than the HK$26 million loss recorded in the same six months a year earlier.
Q.What reasons did Bossini give for the anticipated significant loss?
What reasons did Bossini give for the anticipated significant loss?
Chairman Bess Tsin attributed the expected loss to several factors, including a sharp decline in Hong Kong's inbound visitors, the Mainland China-US trade disputes, weakened consumer sentiment, and unseasonably warm winter weather in core markets.
Q.When are Bossini's half-year results scheduled to be released?
When are Bossini's half-year results scheduled to be released?
The apparel retailer Bossini has scheduled the release of its half-year results for the period ended December 31 in mid-February. This follows a warning to shareholders about a bleak performance.
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