Esprit Holdings Ltd (0330.HK)
20 Apr 2018
Wed, Feb 28 2018
* Says cautious on H2 performance (Add details, management comment)
HONG KONG, Feb 28 Fashion group Esprit Holdings Ltd swung to a net loss in the first half, hit by weak sales at its brick-and-mortar retail stores as it rationalised its distribution footprint, and goodwill impairment due to a decline in the China business.
* HY LOSS ATTRIBUTABLE HK$ 954 MILLION VERSUS PROFIT OF HK$61 MILLION
HONG KONG, Jan 25 Esprit Holdings Ltd said it expected to post losses in the fiscal first half, ended in December 2017, hit by weak sales at its brick-and-mortar retail stores as the fashion group rationalized its distribution footprint and a decline in China business.
* EXPECTS GROUP TO RECORD A NET LOSS IN RANGE OF APPROXIMATELY HK$950MLN TO HK$980 MILLION FOR HY
* Qtrly total revenue HK$4.01 billion versus HK$4.11 billion