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Vision Fame International Holding Ltd Comments On H1 2013 Earnings Guidance


Tuesday, 19 Nov 2013 10:00am EST 

Vision Fame International Holding Ltd announced that based on the preliminary assessment of the latest available unaudited management consolidated accounts of the Company, the Company is expected to record a loss for the first half of 2013 as compared to a profit for the corresponding period in 2012. The main reasons of the loss are: (i) a number of sizable projects in alterations, renovation, upgrading and fitting-out works with higher gross profit margin were substantially completed during the first half of 2012 and the progress of several newly-awarded projects were still at an early stage and such revenue was not reflected in the first half of 2013; (ii) there was share of profit of an associate company during the first half of 2012 while no similar income was recorded during the first half of 2013 and significant increases in construction costs including material, staff and labour cost in Hong Kong and Singapore were recorded. 

Company Quote

1.98
-0.01 -0.50%
1:15am EDT