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IT Ltd Comments On H1 2014 Comments On Profit Guidance


Monday, 21 Oct 2013 10:41am EDT 

IT Ltd announced that Audit Committee of the Board had reviewed, inter alia, the draft unaudited financial statements for the first half of 2014 of the Company on October 21, 2013. Based on the preliminary review of the draft unaudited financial statements for the first half of 2014 available to the Board, the profit of the Company has a material drop as compared to that in the same period last year. Slower sales growth resulting from a slowdown in the apparel retailing markets across the Company's key operating regions, alongside the downward pressure on profitability driven by surging operating costs were the key factors to the decline in the Company's business performance during the first half of 2014. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of HKD97.00 million for the first half of 2014. 

Company Quote

2.33
0.0 +0.00%
31 Oct 2014