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Tang Palace (China) Holdings Ltd Comments On H1 2013 Earnings Guidance


Friday, 12 Jul 2013 05:26am EDT 

Tang Palace (China) Holdings Ltd announced that for the first half of 2013, it expects the unaudited profit for the period attributable to owners of the Company to decrease as compared to the same period of 2012. Based on the information currently available to the Board, the reduction in the profit for the period attributable to owners of the Company was mainly attributable to the issuance of a set of regulations and restrictions to promote frugality and curb waste by the Chinese government, casting an impact on certain customer groups’ expenditure; the impact from avian influenza and the Chinese Government’s policies on poultry sale suspension in the second quarter of 2013, resulting in a decrease in sales at certain stores. 

Company Quote

1.55
0.0 +0.00%
2:54am EDT