Royal Furniture Group lost 112M HKD in 2015

Source:JJGLE.com

Royal Furniture Group released its 2015 Finance Report, which shows by December 31, 2015, the recorded sales revenue of Royal Furniture Group was HKD 660 million, with a 28% decrease compared with HKD 920 million in 2014.

 

 

On March 31, Royal Furniture Group released its 2015 Finance Report, which shows by December 31, 2015, the recorded sales revenue of Royal Furniture Group was HKD 660 million, with a 28% decrease compared with HKD 920 million in 2014. Royal Furniture Group believed that the main reason for the revenue decrease was the  reducing of direct operating stores and the cold market.

 

At the spring furniture fairs of China in this March, Royal Furniture Group debut the new American-style furniture collection and panel wood furniture collections - Sabo, Aiweier and Wujin Xinyun  joint designed by leading design company.

 

There were also some new lines by Emmas mattress, cooperated with DOMINO, an Australian mattress brand.

 

Meanwhile, Royal Furniture Group renamed its brand "Elsees" as "Royal Customization +", and the Customization Department had also became the company’s strategic project.

 

(Source: JJGLE.com)

 

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