BRIEF-Tse Sui Luen Jewellery International Sees Decrease In Turnover By About 14% For HY

Oct 4 (Reuters) - Tse Sui Luen Jewellery International Ltd :

* EXPECTED TO RECORD A DECREASE IN TURNOVER BY ABOUT 14% Y-ON-Y FOR HY

* EXPECTED TURNOVER DECREASE DUE TO WEAK CONSUMER SENTIMENT CAUSED BY SOCIAL UNREST IN HONG KONG

* EXPECTED TO RECORD A SIGNIFICANT DECREASE IN PROFIT ATTRIBUTABLE FOR SIX MONTHS

* RECORDED WEAKEST SALES IN HK MARKET IN AUG, SEPT, WHICH IS EXPECTED TO DROP BY ABOUT 45% TO 55% Y-O-Y IN HY

* EXPECTED TO RECORD SIGNIFICANT DECREASE IN PROFIT ATTRIBUTABLE FOR SIX MONTH BY MORE THAN 90%

* EXPECTED PROFIT DECREASE DUE TO CHALLENGING AND UNCERTAIN MARKET CONDITIONS ON RETAIL BUSINESS

* NEGOTIATING WITH LANDLORDS FOR RENTAL RELIEF OR REDUCTION, FOR SHOPS IN KEY AREAS OF SOCIAL INCIDENTS IN HK

* ALSO FORMULATED PLANS TO LOWER INVENTORY LEVEL TO REDUCE HOLDING COSTS Source text for Eikon: Further company coverage: