Emperor Watch & Jewellery Limited expects to record a net loss of not more than HKD 115.0 million for the six months ended 30 June 2020 (the "Period") as compared with the net profit of HKD 117.6 million for the six months ended 30 June 2019. Such net loss was principally due to a decline of around 62% in total sales revenue as a result of drastic drop in store traffic and dampened consumption sentiment amid the COVID-19 pandemic.