Financial News
Written by: Lin Leqian
2020-05-19 10:17
Last update date: 2020-05-19 10:17Shoufeng Holdings (1703), which operates the Huangfu Restaurant, issued a profit warning and is expected to record a loss of not less than 100 million yuan in the fiscal year ended March this year, while it recorded a net profit of 37.7 million yuan in the same period last year; Will be reduced by at least 20% annually.
The group explained that from July last year until the end of March this year, some restaurants were temporarily closed due to the pneumonia epidemic, and the shopping malls and commercial buildings where the restaurants are located were temporarily changed and the business hours were shortened. Several years are the traditional peak season for banquet services; the adoption of new accounting standards; the increase in the impairment of property, plant and equipment, and right-of-use assets.
[New Crown Pneumonia] Restaurants will relax 8 people per table Catering industry: more reservations for Mother ’s Day
Hong Kong's total restaurant revenues jumped 31% in the first quarter, the largest decline in history Chinese restaurant revenues fell nearly 40%
Shoufeng Catering Industry Catering Stocks
