Stelux Holdings International (HKG:0084) expects an attributable loss of up to HK$70 million for the year ended March 31, compared with a loss of HK$107 million a year prior, according to a Friday Hong Kong bourse filing.
The watch retailer attributed the forecast to the closure of non-performing stores, lower interest expenses from a lower bank loan balance, and improved margins and same-store sales amid an enhanced product portfolio.
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