May 22, 2020 / 10:14 AM / 14 days ago

BRIEF-Koufu Group Sees Significantly Lower Operating Profits For 1H Of 2020 Than 1H 2019

May 22 (Reuters) - Koufu Group Ltd:

* KOUFU GROUP LTD SEES SIGNIFICANTLY LOWER OPERATING PROFITS FOR 1H OF 2020 THAN 1H 2019

* OPENING OF 2 NEW FOOD COURTS & 2 NEW R&B TEA KIOSKS TENTATIVELY MOVED TO Q3

* TOTAL REVENUE ON A SAME STORES BASIS DOWN BY 15% FOR JAN-APRIL

* BUSINESS OPERATIONS IN MACAU REMAIN AT A REDUCED LEVEL

* IMPACT ON GROUP’S REVENUE FROM F&B RETAIL SEGMENT MAY STILL BE PROLONGED

* EXPECTS BUSINESS OPERATIONS IN SINGAPORE WILL FURTHER IMPROVE IN PHASE 2 OF RE-OPENING OF ACTIVITIES Source text for Eikon: Further company coverage:

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