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Ming Fung Jewellery Group Ltd Comments On FY 2013 Earnings Guidance


Friday, 15 Nov 2013 04:04am EST 

Ming Fung Jewellery Group Ltd announced that the Groupexpects to record a loss for the consolidated results of the Group for fiscal 2013 as compared to fiscal 2012. Such loss was mainly attributable to the impairment loss on the valuation of the mining right, exploration right, goodwill, and other intangible assets are expected to be recognized. Such impairment loss is subject to the results of the valuation reports; a decrease in turnover and the drop in gross profit margin due to the slow down of demand in the luxury goods market in Mainland China. 

Company Quote

0.089
0.0010 +1.14%
10:20pm EST