People queuing for lunch at a restaurant in Kwun Tong, Hong Kong, under the new social-distancing law. Restrictions during the coronavirus pandemic have left many businesses nursing deep operating losses. Photo: K. Y. Cheng People queuing for lunch at a restaurant in Kwun Tong, Hong Kong, under the new social-distancing law. Restrictions during the coronavirus pandemic have left many businesses nursing deep operating losses. Photo: K. Y. Cheng
People queuing for lunch at a restaurant in Kwun Tong, Hong Kong, under the new social-distancing law. Restrictions during the coronavirus pandemic have left many businesses nursing deep operating losses. Photo: K. Y. Cheng

Café de Coral warns of 90 per cent profit slump in warning shot to Hong Kong’s restaurant industry

  • Café de Coral warns profit could fall by 85 to 90 per cent in the year ended March 31, with the final quarter in the red
  • More listed restaurant chains are expected to issue profit warnings as pandemic adds to troubles since social unrest: Emperor Securities

Topic |   Coronavirus pandemic
People queuing for lunch at a restaurant in Kwun Tong, Hong Kong, under the new social-distancing law. Restrictions during the coronavirus pandemic have left many businesses nursing deep operating losses. Photo: K. Y. Cheng People queuing for lunch at a restaurant in Kwun Tong, Hong Kong, under the new social-distancing law. Restrictions during the coronavirus pandemic have left many businesses nursing deep operating losses. Photo: K. Y. Cheng
People queuing for lunch at a restaurant in Kwun Tong, Hong Kong, under the new social-distancing law. Restrictions during the coronavirus pandemic have left many businesses nursing deep operating losses. Photo: K. Y. Cheng
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