Once Again, Burshalon Released Earnings Police, Which Is Expected To Lose At Least HK $26 Million Throughout The Year.

Hongkong casual wear retailer Bossini

0592.HK once again released surplus police. It expects a net loss of HK $26 million -3200 in the past fiscal year and a net profit of HK $4 million 886 thousand in the 2017 fiscal year ended June 2017.

The Hongkong company said that the profit deficit was mainly due to the exchange losses arising from the appreciation of the renminbi against the Hong Kong dollar during the year.

The continued weakness of the industry led to a decline in the profits of the export franchise business.

Since the beginning of 2016, due to the mainland

Fierce competition and weak tourism and retail market in Hongkong, burshalon continued to issue multiple earnings police. The group's net profit in fiscal 2014, fiscal year 2015 and fiscal year 2016 plummeted year by year, and recorded HK $127 million, HK $115 million and HK $25 million respectively. In the 2017 fiscal year, after a small profit of less than HK $5 million, the market was worried that the group was afraid of losing money in the fiscal year of 2018.

In early January this year,

That is to say, in the end of the 2018 fiscal year of the end of December, the mid term loss of Hongkong company was HK $11 million 822 thousand. The group's medium-term income recorded a HK $974 million 100 thousand income, a year-on-year decrease of 4.7%, and a decrease of 2% in the same store sales. The sales of Hongkong and Macao same stores were 4% lower than those in the middle of the year ending December.

Same store sales fell 8%, while sales in the mainland and Taiwan markets rose 9% and 5% respectively.