Daphne Lost More Than HK $500 Million In The First Half Of The Year To Speed Up Its Closing Speed

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Group Daphne's losses will increase sharply last year. The company issued a "chicken thief" profit warning on Friday, saying that the first half of the company's losses will be similar to the losses in the second half of 2017, but no mention of year-on-year data and a huge increase in losses.

According to statistics, Daphne lost 209 million 500 thousand Hong Kong dollars in the first half of 2017, and a huge loss of HK $734 million 200 thousand in 2017, which is a huge loss of HK $524 million 700 thousand in the second half of 2017.

If calculated on the basis of year-on-year, Daphne's medium-term losses will expand by 1.5 times. If the losses remain unchanged in the second half of the year, the company's losses may reach 1 billion Hong Kong dollars in the year.

As of the end of June, the two quarter of June, the core brand business of the same store continued to plummet, with a year-on-year decline in the number of units per unit, mainly due to the decline in sales volume, the only improvement in the first quarter.

In 1-6, Daphne's core brand business recorded a 9.1% decline in the same store sales volume, an improvement of 10.7% over the same period last year.

During the reporting period, Daphne continued its closing strategy, shutting down 416 core brand sales outlets, which significantly accelerated 306 over the same period last year, including 294 in the two quarter. As of the end of June, the group operated 3173 sales outlets, representing a reduction of 1119 in comparison with the same period last year.

As of Friday's close, Daphne International Holdings Limited (0210.HK) Daphne International Holdings Ltd shares reported HK $0.39, down 2.50%, and the market value was HK $643 million.