ESPRIT HOLDINGS Projects Mid-Year Net Loss of Approximately HK$88 Million

Stock News08-19

ESPRIT HOLDINGS (00330) has issued a notice indicating that the company expects to record an unaudited net loss attributable to shareholders of approximately HK$88 million for the interim period. This compares with the previously disclosed unaudited net loss of roughly HK$39 million mentioned in an earlier announcement.

The change in the projected loss is attributed to an impairment charge of approximately HK$49 million recognized against the trademark, based on the latest external valuation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment