March 20, 2020 / 3:15 PM / 15 days ago

BRIEF-Kaisun Holdings Posts FY Revenue HK$138.4 Mln

March 20 (Reuters) - Kaisun Holdings Ltd:

* FY REVENUE HK$138.4 MILLION VERSUS HK$149.1 MILLION

* FY LOSS ATTRIBUTABLE HK$208.6 MILLION VERSUS PROFIT OF HK$10.5 MILLION

* “DO NOT EXPECT WE CAN DO ANYTHING MEANINGFUL TILL JUNE OR JULY WHEN WE HAVE A CLEAR PICTURE OF REAL EFFECT OF THIS PANDEMIC”

* BARELY COMMITTED NEW BUSINESS IN Q3 & Q4 OF 2019

* ON PRODUCTION SIDE, OUR MAINLAND OPERATIONS HAD BEEN AFFECTED BY COVID-19 VIRUS

* ESPORTS FESTIVAL WORLD FINALS LIKELY LAST PHYSICAL EVENT DIVISION WILL PRODUCE IN NEAR FUTURE

* ESPORTS FESTIVAL WORLD FINALS LIKELY LAST PHYSICAL EVENT DIVISION WILL PRODUCE IN NEAR FUTURE

* GROUP’S COMMODITIES TRADE WILL HALT FOR TIME BEING UNTIL 3RD QUARTER OF 2020 DUE TO OUTBREAK OF CORONAVIRUS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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