Fulin's mid-term profit-to-loss half-year loss of 63.76 million is still evaluating store losses but does not affect daily operations

Financial news

Written by: Xu Shihao

2019-11-28 22:18

Fulin Group (1443) announced that as of the end of September, its interim results had turned from profit to loss, with a loss of 63.76 million yuan, compared with a profit of 12.69 million yuan in the same period last year. It lost 4.9 cents per share and did not pay interim dividends.

Revenue for the period was 1,084 million yuan, a year-on-year decrease of 15.1%; restaurant operating income was 1,043 million yuan, a year-on-year decrease of 15.8%, of which the revenue of the "Fulin" brand fell 22.4% year-on-year to 671 million yuan, and the revenue of the "Taoyuan" brand It fell 17.4% year-on-year to 134 million yuan.

If divided by region, Hong Kong's revenue was 1.025 billion yuan, a year-on-year decrease of 16.6%; China's revenue was 58.5 million yuan, a year-on-year increase of 23.6%; gross profit margin was 68.3%, a year-on-year decrease of 2.4 percentage points, mainly due to increased catering costs. To.

Damage to the restaurant does not affect daily operations

The anti-revision storm continued. During the rally in the Eastern District in early August, the group was accused of allowing many Fujian people wearing red shirts to gather and change shirts in a restaurant in its North Point. It was referred to as "blue shop" and " For the "Fujian Gang", some citizens boycotted their restaurants, and some restaurants were damaged by people in black.

The company states that since June of this year, Hong Kong society has continued to be turbulent. As a result of the recent social turmoil, some of the company's restaurants have been damaged. The write-off loss of the property is still under evaluation, but it is expected that the results will not affect daily operations.

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Fulin Hotel