Giordano International Limited Provides Preliminary Consolidated Group Earnings Guidance for the Second Half and Full Year Ended December 31, 2021
The group expects to record a Net Profit of not less than HKD 115 million in the second half of the year ended December 31, 2021, which is mainly attributable to: the effective cost control measures adopted by the Group; the decrease in loss due to the closure of loss-making shops; successful negotiations with landlords for normalized rents and rental concessions; and the steady recovery in sales in the fourth quarter of 2021 following the alleviation of movement control measures (including travel restrictions and lockdown measures) imposed by governments to contain the spread of the COVID-19 pandemic.