JF Household Furnishings Ltd Comments On H1 2012 Earnings Guidance

JF Household Furnishings Ltd announced that based on the preliminary assessment of the latest information available, the Company may record a loss for the first half of 2012 as compared to a profit of the first half of 2011. The expected loss is mainly attributable to, among others, (i) the decrease in turnover of the stainless steel business; (ii) the disposed timber business no longer contributes to the revenue of the Company for the first half of 2012; (iii) the absence of a significant one time gain for the first half of 2012 as compared to a one off gain from the disposal of former subsidiaries of the Company as recorded in June 2011; and (iv) the increase of expenses in potential project identification and assessment.