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Huang Geron: The dining industry in Hong Kong as a whole is shrinking, and operators are trying to transform as much as possible to meet market demand.
Chairman Wong Geron of Xu Fu Lou (01978.HK) expressed on his personal social platform that their "Meat and Rice" No. 2 shop, "The Matcha Tokyo", and Suzhou Noodle House "Xu. Xiao Mian" will be opening at Wharf Reic (01997.HK)'s Harbour City, with "Meat and Rice" No. 2 shop scheduled to open before Christmas. He mentioned that Hao Guo Days, KAMO, Brisket King, and Liang Sisters Cold Skin Noodles will be setting up at Kai Tak Sports Park. More details about the unique features and store addresses of different brands will be announced later. He further pointed out that the overall dining industry in Hong Kong is contracting.
LH GROUP: INTERIM REPORT 2024
The lh group (01978.HK) recorded a half-year loss of 26.54 million yuan, turning from profit to loss.
Lh Group (01978.HK) announced its interim performance for the six months ending in June, with revenue of 0.523 billion yuan, a year-on-year decrease of 20.9%. It recorded a loss of 26.54 million yuan, compared to a net profit of 47.55 million yuan in the same period last year, a change from profit to loss; a loss of 3.32 cents per share. No interim dividend will be distributed.
LH Group Reports Revenue Drop and Losses in H1 2024
LH GROUP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Hong Kong Stocks End Flat in Negative Territory; LH Group Plunges 18%
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