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Evergreen International Holdings Ltd comments on FY 2013 profit outlook


Monday, 13 Jan 2014 05:12am EST 

Evergreen International Holdings Ltd:Says for FY 2013 it expects to record a significant decrease in the consolidated profit attributable to the ordinary equity holders of the company as compared to that for FY 2012.Says decrease in consolidated profit attributable is mainly attributable to the decrease in revenue as a result of worsening market condition and sluggish retail environment and the decrease in gross profit margin because of keen competition in the retail sector.Says also because of the increase in selling and distribution expenses including but not limited to the increase in operating lease rental expenses and the decrease in bank interest income as a result of the decrease in net cash and cash equivalents. 

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11 Jul 2014