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A8 Digital Music Holdings Ltd Comments On H1 2013 Profit Guidance


Wednesday, 26 Jun 2013 04:21am EDT 

A8 Digital Music Holdings Ltd announced that based on the information available to the Board, the downturn tendency in the Group’s revenue continues, and the Group is expected to record a further loss for the first half of 2013 as compared to a consolidated profit of the Group for the first half of 2012 which is mainly due to the following reasons: the restructuring of the current business and deployment of new business of the Company are still under progress to the effect that it takes time for the transformation of the business of the Company to effect a recovery from the downturn of revenue; and the disposition by the Group of some traditional wireless value-added business, which would be replaced in the future as the Company anticipated, leads to a further downturn in revenue. 

Company Quote

0.78
-0.01 -1.27%
3:59am EDT