Fashion retailer warns of net loss

Business | 25 May 2020 9:35 pm

Fashion retailer I.T Limited (0999) expects to record a net loss of at least HK$700 million, due to impairment provision of goodwill, property, furniture and equipment and right-of-use assets made in the fourth quarter ended February 29, as well as other negative factors such as social instability, the Covid-19 outbreak, slowdown of global economic growth and the Sino-US trade dispute.

It will release the results for the year ended February 29 on Wednesday.

Search Archive

Advanced Search
July 2020
S M T W T F S

Today's Standard



Yearly Magazine

Yearly Magazine