Brief: Bossini Says Qtrly Revenue Down 39% To HK$198 MLN

Bossini International Holdings

12/11/2020 10:01

Nov 12 (Reuters) - Bossini International Holdings Ltd
 0592.HK :
    * QTRLY REVENUE DECREASED BY 39% TO HK$198 MILLION
    * QTRLY GROSS PROFIT FELL 42% TO HK$93 MILLION
    * RENEGOTIATING WITH LANDLORDS ACROSS ALL CORE MARKETS,
PARTICULARLY HONG KONG AND MACAU, TO SEEK RENT RELIEF AND
REDUCTION
    * IF LANDLORDS ARE RELUCTANT TO PROVIDE RENT RELIEF, CO TO
CLOSE
THOSE SHOPS
    * SHOULD SUCH A TOUGH OPERATING ENVIRONMENT PERSIST, WILL
SUBSTANTIALLY SCALE DOWN BUSINESS OPERATIONS IN HK & MACAU
ACCORDINGLY

Source text for Eikon:  ID:nHKS8cqdY4 
Further company coverage:  0592.HK 

 ((Reuters.Briefs@thomsonreuters.com;))