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Aeon Stores (Hong Kong) Co Ltd Comments On FY 2012 Net Profit Guidance

Sunday, 17 Feb 2013 11:01pm EST 

Aeon Stores (Hong Kong) Co Ltd announced that the Group expects to record a decrease in its net profit for fiscal 2012 as compared to fiscal 2011. The decrease in profit is expected to be mainly attributable to similar factors as discussed in fiscal 2012 Interim Report, namely an increase in pre-operating expenses incurred for new store openings; an increase in impairment loss recognized in respect of the Group’s property plant and equipment and a decrease in the Group’s operating results as the increase in operating revenue has been less than the increase in the operating expenses. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report Net Income of $286.62 million for fiscal 2012. 

Company Quote

0.02 +0.19%
16 Sep 2014