Esprit Predicts That 2015 Will Suffer Major Losses Throughout The Year.

Si Jie global said that the new vertical mode has been optimized over time, and the necessary work of China's business restructuring has also been completed. It is expected that the improvement will emerge in the next financial cycle, so the group can reinvigorate its existing strategy.

Still full of confidence.

Esprit Holdings Limited Si Jie Global Holdings Limited yesterday released the second profit warning in the current fiscal year after the Hong Kong stock market. It is expected that a significant loss will be recorded in the 2015 fiscal year ending June 30, 2015 as a result of impairment provision and operating losses.

Si Jie pointed out that due to the poor performance of the group's business in the past two years, the non cash impairment of HK $25-27 worth of goodwill arising from the acquisition of the remaining interests of China's associated companies needs to be reduced.

In addition, the group

The sales performance was also weaker than expected, and the provision and impairment for this purpose amounted to HK $4.4-5.7, of which the provision for closing stores and deficit leases was estimated at HK $2.8-3.0, and the fixed assets for direct retail outlets were reduced to HK $1.6-1.7 billion.

The group will release its annual results in September this year.

In the first half and the three quarter of this fiscal year, group revenue decreased by 21.6% and 25.5% respectively, a drop larger than that expected by the group, especially in the 2014 autumn and winter series.

On Monday, it closed at HK $6.98, down 0.43% all day.

The stock has fallen by 23.6% this year due to its declining performance.

At the beginning of this month, Barclays PLC (BARC.L) Barclay said in the latest research report that the prospect of Esprit's reform is uncertain, and its earnings and profits will continue to be affected by the depreciation of the euro. Therefore, the target price of 0330.HK will be reduced by 17.5% from HK $8 to HK $6.6, and the "reduction" rating will be maintained.