Bonjour Holdings expects ‘substantial’ loss
A “substantial” loss is expected by cosmetics and beauty retailer Bonjour Holdings for the six months to the end of June.
Bonjour has made the announcement following a preliminary assessment of its unaudited account for the four months ended April 30.
It says the situation is primarily because of the realised loss on disposal of available-for-sale financial assets of about HK$10 million (US$1.2 million) and continuing stagnant sales.
Also, the company had a substantial unrealised loss on fair value of available-for-sale financial assets of about $106 million as a result of the volatile stock market.
Bonjour’s loss warning was posted by chairman/executive director Ip Chun Heng Wilson.
The company owns more than 40 retail stores in Hong Kong, Macau and Guangzhou.