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Provider : Thomson Reuters Stock Report
Provider : Reuters Investment Profile
Provider : Thomson Reuters Stock Report
Provider : Wright Reports

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Fornton Group Ltd gives H1 2014 earnings guidance

Wednesday, 20 Aug 2014 07:53am EDT 

Fornton Group Ltd:Expects to record an increase in loss for H1 2014 as compared with the loss for H1 2013.Increase in loss of the Group for H1 2014 was primarily attributable to the decreases in turnover and gross profit of the Group as a result of the worsening of the market conditions and business environment and the severe competition of the textile industry.Additional professional expenses incurred for the placing of new shares and convertible bonds.Additional interest expenses incurred for the issued convertible bonds; and.Additional general and administrative expenses in seeking new revenue stream to diversify the business risk on single segment of manufacturing and trading of high quality fashion apparels. 

Company Quote

-0.01 -1.08%
3:55am EDT