Emperor Watch & Jewellery Ltd. provided consolidated earnings guidance for the six months ended June 30, 2015. The group's expected to record a consolidated loss for the six months ended 30 June 2015 as compared with a consolidated profit for the corresponding six months ended 30 June 2014. Such consolidated loss is mainly attributable to (1) a decline in revenue as a result of (i) a decline in foot traffic largely due to the strong Hong Kong dollar and unfavourable Hong Kong tourism environment following local protest in the previous year; and (ii) weakened consumer sentiment in response to the continued austerity initiatives; and (2) an increase of rental cost.
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- Emperor Watch & Jewellery Ltd Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2015