Stelux Holdings warns of annual loss

Business | 16 May 2018 5:23 pm

Stelux Holdings International (00084) warned today that the company is expected to record a consolidated net loss for the year ended March 31, 2018. This is mainly due to pressures on turnover and gross profit leading to negative operational leverage, the company said.

However, due to the closure of non-performing stores and reduction in operating costs, the loss is expected to decrease compared to the net loss for the year ended March 31, 2017.

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