Noodls.com
0
All posts from Noodls.com
Noodls.com in Noodls.com,

Unaudited Operational Update for the Second Quarter of 2015 and Preliminary Profit Preview for the First Half of 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

達 芙 妮 國 際 控 股 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability) (Stock code: 210)

The board of directors (the "Board") of Daphne International Holdings Limited (the "Company", together with its subsidiaries collectively referred to as the "Group") announces the unaudited operational data and information of the Group's Core Brands business for the second quarter ended 30 June 2015, and a preliminary profit preview of the Group for the six months ended 30 June 2015. This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited and Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The unaudited operational data and information of the Group's Core Brands business for the second quarter ended 30 June 2015 as follows:

For the second quarter of 2015

For the first half of 2015

Same store sales growth

rate ("SSSG")

(YoY % change)

-17.7%

-16.9%

Net addition/reduction of points-of-sale

-167

(reduced 141 directly-managed stores and 26 franchised stores)

-181

(reduced 117 directly-managed stores and 64 franchised stores)

Note: Core Brands business refers to the operation of "Daphne" and "Shoebox" brands in Mainland China

For the second quarter of 2015, the same store sales growth of the Group's Core Brands business recorded a year-on-year decline of 17.7%. As a result, the same store sales growth of the Core Brands for the first half of 2015 is -16.9%.
Due to the sluggish retail environment, the Group was cautious about its store network development during the period. This resulted in a net reduction of 167 points-of-sale ("POS") during the second quarter (net closures of 141 directly-managed POS and 26 franchised stores)...


More