Xie Ruilin loses 41.58 million yuan in mid-term without dividend

Financial News

Written by: Zhang Weilun

2020-11-18 12:43

Last update date: 2020-11-18 12:44

Xie Ruilin (0417) announced the interim results for the current fiscal year ended September this year. During the period, the profit turned into a loss. The loss attributable to owners was 41.578 million yuan. In the same period last year, it recorded a profit of 1.568 million yuan without dividends.

Xie Ruilin's turnover during the period was 1.177 billion yuan, down 28.8% year-on-year, of which retail business revenue was 767 million yuan, down 37% year-on-year; wholesale business revenue fell 12.9% year-on-year to 284 million yuan.

The company also pointed out that during the period, the retail business turnover in the Hong Kong and Macao markets fell 62% year-on-year, and same-store sales fell 59.3%; the mainland market turnover fell 12.9% year-on-year, and same-store sales fell 5.2%.

Business turnover in Malaysia fell 28.1%.

The company pointed out that it expects that its business will continue to be affected by the epidemic in the near future. It will continue to negotiate with landlords for rent reduction or rent exemption. In the future, it will adopt a cautious approach to the development of Hong Kong's retail business. Continue to adjust the business scale and operating costs in line with the current market conditions, and rise to the challenge.

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