Shrs of HK-listed footwear firm Daphne hit 14-1/2 yr low; co expects H1 loss

Daphne International Holdings

30/07/2018 07:03

** Shares of Chinese footwear maker and retailer Daphne
International Holdings Ltd  0210.HK  fall 12.8 pct to HK$0.34,
their lowest since January 2004, after co flags H1 loss
    ** Co says it recorded a 9.1 pct decline in same-stores
sales for the first half of 2018 due to a decrease in sales
volume and it expects post loss in H1  urn:newsml:reuters.com:*:nFWN1UN0IS
    ** The footwear retailer says it closed a net 416
point-of-sales (POS) in H1, trimming sales network to 3,173 POS
as of end-June
    ** As of the previous close, stock had fallen 19.59 pct so
far this year
    ** As of 0551 GMT, about 3.05 million shares of the
Shanghai-based company have been traded, compared with their
30-day moving average of 569,780 thousand shares a day
    ** Hong Kong benchmark index  .HSI  falls 0.8 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)