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China Best Group Holding Ltd Comments On H1 2013 Earnings Guidance


Tuesday, 6 Aug 2013 08:29am EDT 

Best Group Holding Ltd announced that based on the management accounts of the Company for the first half of 2013, it is expected to record a greater loss for the first half of 2013 than the loss for the first half of 2012. The Board considers that the expected loss is mainly attributable to (i) the continued decline in the price of and demand for coal products in the Mainland China market, resulting in the loss in the Company‚Äôs coal business, and (ii) the decrease in fair value for the investments held for trading in light of the unstable global economic and investment market conditions in the first half year of 2013. 

Company Quote

0.069
-0.0020 -2.82%
2:00am EDT