The Annual Net Loss Of Castle Lion International Increased By About 3.8 Times To HK $139 Million

Baosilon International (00592) announced its annual performance as of June 30, 2019, and realized an income of about HKD 1.641 billion, down 16% year on year; Gross profit fell 18% to HK $846 million; The owner of the company should account for a loss of about HK $139 million during the year, an increase of about 3.8 times over the same period last year; A loss of HK $8.48 per share and a final dividend of HK $1.22 per share are proposed.

The announcement said that the losses during the year were mainly due to the abnormal climate in the core market operated by the Group and the sluggish local consumption intention.

Among them, the same store sales in Hong Kong, China, Macao and Singapore declined by 10% (2018: 2% decline) and 9% (2018: 5% decline) respectively. The same store sales in mainland China and Taiwan China recorded a 6% decline (2018: 6% growth) and an 8% decline (2018: 3% growth) respectively. The group's overall same store sales fell by 9% (2018: 1% decline).

In retrospect, as part of the Group's expansion plan, Hong Kong's export franchise business added 121 stores, covering 27 countries. On June 30, 2019, the Group's business spread across 31 countries and regions worldwide, with 1061 stores, including 286 directly managed stores and 775 franchise stores.