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Sandmartin International Holdings Ltd Comments On FY 2013 Profit Guidance


Wednesday, 31 Jul 2013 05:00am EDT 

Sandmartin International Holdings Ltd announced that the Group expects to record a substantial loss for fiscal 2013, which was mainly attributable to impairment on intangible assets due to the termination of licensed children apparels business under the brand name of Pleasant Goat and Big Big Wolf, impairment in goodwill and reversal of certain deferred tax assets of European subsidiaries, and the decline in revenue and gross profit arising from the debt crisis in Europe and chaotic political situation in the Middle East and North Africa. 

Company Quote

0.43
-0.01 -2.27%
17 Apr 2014