The Annual Net Loss Of Burshlung International Expanded About 3.8 Times To HK $139 Million.

Bursworth International (00592) announced its performance for the year ended June 30, 2019, achieving a profit of HK $1 billion 641 million, down 16% from the same period last year. Gross profit fell by 18% to HK $846 million; the company owner should account for about 139 million Hong Kong dollars in the year, up about 3.8 times compared with the same period last year; the loss per share was 8.48 cents, and the final dividend would be HK 1.22 cents per share.

According to the announcement, losses during the year were mainly due to the abnormal core market climate and the low consumption of local consumers.

Among them, the same store sales in Hongkong, China, Macao and Singapore decreased by 10% (2018: 2% decline) and 9% (2018: 5% decline). The same store sales in mainland China and Taiwan, China, achieved a 6% decline (2018: 6% growth) and a 8% decline (2018: 3% growth). The group's same store sales fell 9% (2018: 1% decline).

In the past year, as part of the group expansion plan, Hongkong's franchise business has added 121 new shops to 27 countries. In June 30, 2019, the Group operates in 31 countries and regions, with a total number of shops of 1061, including 286 direct management shops and 775 franchise stores.