Brief: Green International Holdings Sees Significant Increase Of Around Or Over 100% In FY Loss

Green International Holdings

20/03/2020 12:28

March 20 (Reuters) - Green International Holdings Ltd
 2700.HK :
    * GROUP IS EXPECTED TO RECORD A SIGNIFICANT INCREASE OF
AROUND OR
OVER 100% IN ITS LOSS FOR YEAR
    * EXPECTED RESULT DUE TO POOR PERFORMANCE OF GROUP'S CLUB
HOUSE
BUSINESS AND BEAUTY AND WELLNESS BUSINESS
    * DOWNTREND ON GROUP'S REVENUE IS EXPECTED TO BE CARRIED
FORWARD
TO CERTAIN EXTENT FOR REST OF Q1 OR EVEN FIRST HALF OF 2020
    * COVID-19 PANDEMIC EXPECTED TO ADVERSELY IMPACT ON BUSINESS
PERFORMANCE OF GROUP BUT ACTUAL IMPACT HAS YET TO BE QUANTIFIED
    * CURRENTLY ESTIMATED THAT REVENUE OF GROUP'S CLUB HOUSE
BUSINESS
WAS DOWN BY OVER 60% DURING JAN AND FEB 2020
    * CURRENTLY ESTIMATED REVENUE OF GROUP'S WELLNESS BUSINESS
DOWN BY
OVER 40% DURING JAN AND FEB 2020
    * GOING FORWARD, WE EXPECT THAT EPIDEMIC WILL HAVE NEGATIVE
IMPACT
ON OUR HOSPITAL BUSINESS
    * PANDEMIC EXPECTED TO ADVERSELY IMPACT ON BUSINESS
PERFORMANCE OF
GROUP BUT ACTUAL IMPACT YET TO BE QUANTIFIED

Source text for Eikon:  ID:nHKShmnBB 
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 ((Reuters.Briefs@thomsonreuters.com;))