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Provider: Wright Reports
Provider: Sadif Analytics Prime

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Sparkle Roll Group Ltd Comments On H1 2014 Earnings Guidance

Monday, 4 Nov 2013 01:01am EST 

Sparkle Roll Group Ltd announced that for first half of 2014, it expects to record a loss as compared with the profit first half of 2013. Such expected loss was mainly due to significant decrease in gross profit margin of automobile dealerships business of the Group, which generated approximately 96% of total revenues of the Group for the six months ended 30 September 2013, as a result of keen competition of automobile dealerships following new dealers established in cities near Beijing and Tianjin although there was a modest increase in number of automobiles sold by the Group; significant decrease in gross profit margin of watches & jewelries business as a result of sales promotion and substantial drop in sales of top fine wines although sales of private label wine, Ex-Chateau, recorded improvement. 

Company Quote

-0.01 -2.74%
17 Apr 2015