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King's Jewelry With Substantially Reduced Income

Economy continues to slow, consumer upgrades and tourists coming to Hong Kong under the environment of Hong Kong jeweler to meet one's Waterloo. Hong Kong King's watch and jewellery company has released six months reported that group loss in the first half from HK $ 54.12 million in the same period last year to HK $ 68.63 million. At present, the Emperor watch and jewellery has landed in app store to test the waters of micro-business help themselves.
30.8% King's watch and jewellery income plummeted in the first half of this year to HK $ 1.675 billion, compared to HK $ 2.4196 billion for the same period. Watches sector revenues decreased by 31%, from HK $ 1.947 billion in the same period last year to HK $ 1.343 billion, 80.2% of the total Group revenue; jewelry business income on the annual 29.8% to HK $ 332 million, HK $ 473 million for the same period a year earlier. King's watch and jewellery, Hong Kong remains the largest market, contribution to 75.1% income.
By the end of the first half, and Emperor watch and jewellery operates 98 stores, a net reduction of 2, stores are at the core of the business district, but due to the weak retail market in Hong Kong, the group is located in Hong Kong shops for rent and rental pressure eased.

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