Consumer Market Continues To Decline, Burshlung 2018 Expects Losses In The Second Half

In January 15th, burshlung announced that shareholders should account for a loss of HK $23 million to HK $28 million in the second half of 2018. Shareholders should account for a loss of HK $12 million in the same period last year. Mainly due to the many core markets operated by the group, the winter climate is extremely warm and local consumption is low.

In September 19, 2018, burshlung International announced its performance for the year ended June 30, 2018, during which HK $1 billion 958 million was realized, compared with HK $2 billion 20 million in the same period last year, a decrease of 3% compared with the same period last year. The owner's share of the loss was HK $28 million 972 thousand, compared with HK $4 million 886 thousand in the same period last year.

In June 30, 2018, the Group operates in 29 countries and regions. The number of shops is 938, including 284 direct management shops and 654 franchise stores. The total net retail floor area of the group's direct management shops was reduced to 359100 square feet, which was 367100 square feet in 2017. Sales per square foot maintained HK $4200, compared with HK $4200 in the same period last year.