The board of directors of Artini China Company Ltd. announced that based on the preliminary review of the unaudited consolidated management accounts of the group, the group is expected to record an increase in losses in respect of its retailing and distribution business for the year ended March 31, 2015 which, on their own, may be significantly larger than that as compared to year ended March 31, 2014. These losses are mainly attributable to a decrease in the group's revenue of approximately 54% for the year ended March 31, 2015 as compared to year ended March 31, 2014; the continuous increase in manufacturing costs resulting in gross loss during the year; and the increase in the selling expenses as a result of promotion for the retailing business.
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