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先施(00244)发盈警 预计中期股东应占净亏损1500万-2000万港元

Xianshi (00244) Profit Warning expects net loss attributable to interim shareholders of HK$15 million to HK$20 million

Zhitong Finance ·  08/17/2023 19:15

Zhitong Financial APP News, Xianshi (00244) announced that the Group expects to make a net loss attributable to shareholders of between HK $15 million and HK $20 million in the six months ended June 30, 2023, compared with a net loss of about HK $38.1 million in the first half of 2022.

The decrease in losses was mainly due to the gradual recovery of economic activities in Hong Kong, China and the re-opening of customs clearance with the mainland in the first half of 2023, which increased the group's department store business income by about HK $5.5 million in the first half of 2023; the gross profit margin improved from about 55% to about 59%; and the group closed a store at the end of 2022 and the depreciation of the right-to-use assets decreased by about HK $11 million as a result of rent concessions in the department store business.

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