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Fornton Group Ltd Comments On H1 2013 Earnings Guidance


Friday, 16 Aug 2013 09:49am EDT 

Fornton Group announced that the Group is expected to record an increase in loss for the first half of 2013, as compared with the loss for the first half of 2012. The increase in loss of the Group for first half of 2013 was primarily attributable to the decreases in turnover and gross profit margin of the Group as a result of the worsening of the market conditions and business environment and the severe competition of the textile industry in Europe and the United States of America. 

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