Sitoy Group to Swing to Loss in Fiscal H1; Shares Slide 7%

MT NewswiresNov 26 22:53 ET

Sitoy Group (01023.HK) expects to report a loss attributable to owners for the interim period.

Gelonghui, November 26th丨Sitoy Group (01023.HK) announced that due to the termination of the Cole Haan business, the group expects to record a loss attributable to the company owners for the six months ending December 31, 2024, while in the same period of 2023, there was a profit attributable to the company owners of approximately 53,554,000 HKD. The reason is the write-off of certain Cole Haan inventory and losses incurred from Cole Haan store capital expenditure, compensation for terminating related employee contracts, and the final payment made to Cole Haan. It is estimated that the termination of the Cole Haan business will

Gelonghui FinanceNov 26 06:08 ET

Sitoy Group Ends Cole Haan Deal Amid Losses

TipRanksNov 26 06:07 ET

Express News | Sitoy Group - Expected Result Due to Loss Incurred to Write off Certain Cole Haan Inventories & Cole Haan Shops Capex

ReutersNov 26 06:04 ET

Express News | Sitoy Group Holdings Sees Loss Attributable for Six Months

ReutersNov 26 06:03 ET

SITOY GROUP: BUSINESS UPDATE AND PROFIT WARNING

HKEXNov 26 06:02 ET · Announcements