not vested
The Board of Directors (“Board”) of BreadTalk Group Limited (“Company” and together with its
subsidiaries, “Group”) wishes to announce that after preliminary assessment of the Group’s
unaudited results for the financial year ended 31 December 2019 (“FY2019”), the Board deems
it appropriate to issue a profit guidance that the Group is expected to report a net loss for the
FY2019.
The expected net loss is mainly attributable to the following factors:
1. Widening of losses at the Bakery business in China and Thailand,
2. Widening of losses across several brands within the 4orth Division, i.e. Wu Pao Chun, Song
Fa, Tai Gai and Nayuki, due to challenging operating environment, and
3. Significant deterioration in the financial performance of the Group’s businesses in Hong
Kong across both the Bakery and Food Atrium Divisions due to the social unrest in the
region.
The Group is still in the process of finalising its unaudited financial results for FY2019. Further
details of the Group’s financial results will be disclosed when the Group finalises and announces
its unaudited financial results for FY2019 on or around 24 February 2020.
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It's all about "how much you made when you were right" & "how little you lost when you were wrong"