Asia
Tse Sui Luen Jewellery Forecasts Turnaround to Fiscal-Year Profit
Tse Sui Luen Jewellery (HKG:0417) expects a profit of at least HK$100 million for the year ended March 31, compared with a loss of HK$197.8 million a year prior, according to a Thursday Hong Kong bourse filing.The jewelry company attributed the forecast mainly to higher same-store sales and a rise in profit contributions from the franchise business in Mainland China, as well as lower selling, distribution, and administrative expenses.
HKG:0417
