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ULFERTS (01711) expects significant increase in 1H loss
21 Oct 2019
(Infocast News) Ulferts (01711) announced that the group is expected to record significant YoY increase in a net loss for the six months ended 30 September.

Due to a weak market consumption sentiment arising from the unresolved US-China trade war and continued social unrest activities, the sales performance of the group’s shops generally deteriorated.

The group’s total revenue during the period remained flat only despite an increase in the number of shops. Meanwhile, an increase in rental costs and operating expenses further widened the net Loss during the

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