February 13, 2018 / 11:18 AM / 4 months ago

BRIEF-Modern Media Says Group Expected To Record Substantial Decrease In Profit For FY​

Feb 13 (Reuters) - Modern Media Holdings Ltd:

* ‍EXPECTED THAT GROUP WILL RECORD A SUBSTANTIAL DECREASE IN PROFIT FOR FY​

* EXPECTED TO RECORD A LOSS OF NO MORE THAN RMB40 MILLION FOR FY2017

* EXPECTED RESULTS DUE TO ‍WEAKENING LOCAL CONSUMPTION IN LUXURY SEGMENTS IN PRC​ Source text for Eikon: Further company coverage:

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