Burshlung Lost 92 Million In 10 Months, And Expected Annual Shareholders To Account For Losses.

In May 29th, according to the comprehensive management account for the 10 months ended April 30th of this year, the loss in the period was about 92 million yuan, mainly due to the abnormal market climate and the low consumption intention of the group.

According to the consolidated management account and the existing information, the Group expects that the owner's loss will be up or about 35% as of the consolidated management account for the year ended June 30th. The loss attributable to the owners should be 29 million yuan in the same period last year, depending on the performance of the group in the two months of May and June and the estimated fair value of some assets on the end of the year. It will be published in the 9 months of the year.

Recalling the interim report issued by burlung international in February 20th, the company realized HK $875 million in the 6 months ended December 31, 2018, a decrease of 10.13% compared to the same period last year, a gross profit of HK $457 million, a decrease of 10.71% over the same period last year, and a loss of HK $25 million 748 thousand for the company owners, a 117.80% increase compared with the same period last year.

In this regard, the group attributed to the downturn in weather and consumption.

During the period from June 2018 to December, the 114 franchised export businesses of burshlung have expanded to 27 countries.

As of December 31, 2018, the burgesong business in 31 countries and regions in the world, the total number of shops was 1063, half a year, a net increase of 125 stores, most of which are franchise stores.

Among them, the number of shops in mainland China rose from 164 to 177, and all of them were direct stores.

In fact, burshlung began to lose money in 2017.

Data showed that at the end of -2017 in early July 2017, the revenues of burshilon decreased by 4.68% to HK $974 million compared with the same period last year, and the profit attributable to shareholders fell 169.94% to 11 million 822 thousand Hong Kong dollars in the same period. In the whole fiscal year ended 2018, the profits loss of the shareholders of the burshlong group increased to 28 million 972 thousand Hong Kong dollars, down 692.96% from the same period last year.