August 16, 2017 / 6:46 AM / 2 years ago

BRIEF-Famous Brands forecasts weaker six-month results

Aug 16 (Reuters) - Famous Brands Ltd:

* ‍AS AT JULY 31, 2017, GROUP’S ENTIRE NETWORK COMPRISED 2,801 RESTAURANTS

* IN SA MARKET, TRADING CONDITIONS DECLINED FURTHER IN FIVE MONTHS TO JULY 31​

* ‍ANTICIPATES THAT TRADING CONDITIONS IN ITS LOCAL AND INTERNATIONAL MARKETS WILL REMAIN CHALLENGING FOR COMING YEAR​

* ‍GBK’S PROFITABLE CONTRIBUTION TO BUSINESS WILL TAKE LONGER THAN INITIALLY ANTICIPATED​

* ‍EXPECTS THAT ITS RESULTS FOR FULL SIX MONTHS TO 31 AUG 2017 WILL BE WEAKER THAN THOSE REPORTED IN PRIOR COMPARABLE PERIOD​

* GROUP’S OPERATING MARGIN IS EXPECTED TO BE LOWER THAN MANAGEMENT’S EXPECTATIONS Source text for Eikon: Further company coverage:

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