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01314 TSUI WAH HLDG
RTNominal unchange0.175 0.000 (0.000%)
Result Announcements

31/10/2019 16:51

Tsui Wah (01314) sees interim net turn to red

[ET Net News Agency, 31 October 2019] Tsui Wah Holdings Limited (01314) said the group
is expected to record a loss for the six months ended 30 September 2019, while profit
amounted to HK$14.47 million was recorded for the corresponding period in 2018.
The loss was mainly attributable to (i) the substantial decrease in revenue resulting
from various uncertainties in the current environment, including the depreciation of
Renminbi, weakened consumer sentiment, as well as a sharp decline in inbound visitors
starting from mid-June 2019; and (ii) the increase in percentage of operating costs over
revenue resulting from the continuous rise in operating costs such as the costs of food
ingredients and manpower. (RC)

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