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ENM Holdings Ltd Comments On H1 2013 Profit Guidance


Thursday, 25 Jul 2013 04:29am EDT 

ENM Holdings Ltd announced that based on the information currently available, the Group expects to record a loss for the first half of 2013 as compared to a profit for the first half of 2012. Such loss was mainly attributable to the weak performance of the retail fashion operation. Stagnant retail market especially in high end luxury fashion products, together with upward pressure in operating costs in particular the surging staff costs and rental expenses in prime location have adversely impacted on the Group's profitability.