Bossini losses set to double

Bossini International has warned the group is expected to record a loss attributable to owners of between HK$23 million and $28 million (US$2.93 million to $3.6 million) for the six months to December – roughly double the loss of the same period last year. Chairman Bess Tsin said in a stock exchange filing that the loss was largely due to “unseasonal warm winter weather and weak consumer sentiment in several core markets” where the group operates.

The company said the estimate was based on a preliminary assessment of the company’s accounts for the period and details would be confirmed in late February, when the company announces its annual results.