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New Focus Auto Tech Holdings Ltd Comments On FY 2012 Profit Guidance


Friday, 25 Jan 2013 05:22am EST 

New Focus Auto Tech Holdings Ltd announced that the Group expects to record an extraordinary loss for fiscal 2012 as compared to a profit for fiscal 2011. This extraordinary loss was mainly attributable to the writing-off of goodwill arising from the decrease in the profit generated by, and therefore reduction in the valuation of, the Group’s subsidiaries engaging in wholesale service business that were acquired in 2010 and 2011, additional expenses incurred by the Group in the transformation of its retail service channel, cost of integrating various subsidiaries of the Group and the sluggish global economy for fiscal 2012. 

Company Quote

0.56
-0.01 -1.75%
20 Aug 2014