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Asia Commercial Holdings Ltd Comments On FY Profit 2013 Guidance


Friday, 21 Jun 2013 06:10am EDT 

Asia Commercial Holdings Ltd announced that based on information currently available, the Group expects to record a loss for fiscal 2013 substantially higher than that for fiscal 2012. The factors attributable to the bigger loss include one-off compensation and impairment loss on assets due to close down of loss-making boutiques; upsurge of rental expenses for an existing boutique and new boutiques in Hong Kong on a full year basis; lower valuation gains expected for the Group’s investment properties; and drop in gross profit due to intense market competition despite an overall increase in turnover for the year. 

Company Quote

0.225
0.0050 +2.27%
19 Dec 2014