Ulferts Forecasts Lower Fiscal H1 Losses; Shares Down 4%

MT Newswires Live

10/23

Ulferts International (HKG:1711) expects to lower losses for the fiscal half ending Sept. 30, according to a Hong Kong bourse filing Wednesday.

Shares of the furniture retailer fell over 4% in morning trade Thursday.

The company expects to post up to HK$3 million in losses compared to the HK$11 million in the year-ago period.

The company expects to post its financial results in late November, it said.

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