Bossini half-year loss could quadruple
A week out from releasing its half-year results, apparel retailer Bossini has warned shareholders of a bleak performance.
Chairman Bess Tsin said in a stock-exchange filing that the group expects to record a loss attributable to shareholders ranging between HK$85 million and $105 million for the six months ended December 31.
That could be as much as four times the loss of $26 million it recorded in the same six months a year earlier.
Tsin said the loss was “mainly due to a sharp decline in inbound visitors in Hong Kong, the Mainland China-US trade disputes, weakened consumer sentiment and the unseasonal warm winter weather in several core markets where the group operates”.
Bossini is scheduled to release its half-year results in “mid February”.