[ET Net News Agency, 21 June 2018] Esprit Holdings (00330) said it expects the Group to
record a loss before interest and taxation (LBIT) in the range of around HK$2,170 million
to HK$2,270 million for the full financial year ending 30 June 2018, as compared to a LBIT
of HK$102 million in the same period last year.
The anticipated LBIT is mainly attributable to non-recurring provisions and impairments
resulting from management's assessment of the fair values of the assets of the Group, and
an expected operating loss of the underlying operations. A larger than expected operating
loss as a result of higher than expected decline in the Group's revenue primarily due to
decline of customers traffic to our brick and mortar stores. As a result, LBIT before the
Non-recurring Provisions and Impairments for FY17/18 is estimated to be in the range of
HK$900 million and HK$950 million.
Its final results announcement is expected to be released in September. (HL)
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00330 ESPRIT HOLDINGS
Nominal 
0.192 -0.003 (-1.538%) Others
21/06/2018 17:10
Esprit Holdings (00330) expects increase in annual LBIT
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