Edition:
India

CCC Q1 Net Loss Widens To 339.9 Mln Zlotys


Friday, 24 Apr 2020 

April 24 (Reuters) - CCC SA ::REPORTS Q1 NET LOSS 339.9 MILLION ZLOTYS VERSUS LOSS 152.6 MILLION ZLOTYS YEAR AGO.Q1 REVENUE 965.1 MILLION ZLOTYS VERSUS 1.04 BILLION ZLOTYS YEAR AGO.Q1 OPERATING LOSS 309.8 MILLION ZLOTYS VERSUS LOSS 148.6 MILLION ZLOTYS YEAR AGO.Q1 CONSOLIDATED GROSS MARGIN FROM SALES 42.8% VERSUS 47.4% YEAR AGO.AT END-MARCH GROUP'S SALES NETWORK INCLUDED 1,211 CCC NETWORK STORES.AS OF REPORT PUBLICATION GROUP HAS SECURED MERCHANDISE FOR SALE IN SPRING-SUMMER 2020.REGARDING CAPEX THE COMPANY ASSUMES LIMITATIONS AND SHIFTS, UPHOLDS ASSUMPTIONS OF GO.22 STRATEGY.IN MID AND LONG TERM GROUP SEES SIGNIFICANT DROP IN SHOE MARKET VALUE IN 2020 AND ITS RESTORATION 2021, ASSUMING LACK OF ADMINISTRATIVE CLOSURE OF STORES IN 2021.AT END-MARCH GROUP'S RETAIL SPACE AMOUNTED TO 753,900 m2, DOWN 6.1 tys. m2 VERSUS END-2019.THE COMPANY IS CONSIDERING BOOKING A PROVISION IN Q2 TO COVER RESTRUCTURING COSTS. 

Company Quote

62.9
0.2 +0.32%
26 Nov 2020