Bossini losses set to double
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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.
Questions & Answers
Q.What is the estimated loss Bossini International expects to report for the six months to December?
What is the estimated loss Bossini International expects to report for the six months to December?
Bossini International anticipates a loss attributable to owners between HK$23 million and HK$28 million for the six months ending in December.
Q.How does this estimated loss compare to the previous year's performance for the same period?
How does this estimated loss compare to the previous year's performance for the same period?
The estimated loss for the period is expected to be roughly double the loss recorded during the same six-month period last year.
Q.What reasons did Bossini's Chairman give for the projected losses?
What reasons did Bossini's Chairman give for the projected losses?
Chairman Bess Tsin attributed the losses primarily to unseasonal warm winter weather and weak consumer sentiment in their core operating markets.
Q.When will the final financial results for the period be confirmed by the company?
When will the final financial results for the period be confirmed by the company?
The company plans to confirm the details and announce its annual results in late February, following a preliminary assessment of its accounts.
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