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01978 LH GROUP
RTNominal down0.800 -0.020 (-2.439%)
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16/03/2020 09:25

LH Group (01978) sees year net turn to red

[ET Net News Agency, 16 March 2020] LH Group Limited (01978) said the group is expected
to record a loss attributable to the shareholders for the year ended 31 December 2019,
whereas the group recorded a profit attributable to the shareholders of approximately
HK$35.2 million for the year ended 31 December 2018.
The loss was mainly attributable to the challenging business environment during the
year, which posed significant negative impact on the overall business operation and also
inevitably led to the closure and suspension of certain restaurants of the group during
the year, and provision for impairment of property, plant and equipment, financial assets
and/or right-of-use assets in respect of these restaurants and certain underperforming
restaurants of the group during the year. (RC)

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