Merry Garden Holdings Limited provided earnings guidance for the first three months ended 31 March 2016. The group expects that it may suffer loss for the first three months ended 31 March 2016, primarily attributable to the following reasons: a decrease in sales as a result of the economic fluctuations worldwide and in China and the customers were comparatively more conscious in making purchase; fluctuations in exchange rates led to an increase in exchange loss; a drop in selling price of the products met by an increase in cost to improve product competitiveness caused by stiff competition, which led to a decrease in the gross profit margin; and an increase in operating expenses such as staff wages, administrative expense and business development bonus expenses.
China Environmental Technology and Bioenergy Holdings Limited
Equities
1237
KYG2163H1386
Forest & Wood Products
Market Closed -
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5-day change | 1st Jan Change | ||
0.335 HKD | 0.00% | -2.90% | -16.25% |
1st Jan change | Capi. | |
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-16.25% | 3.95M | |
+29.00% | 6.5B | |
+5.59% | 3.38B | |
-15.79% | 1.74B | |
+4.49% | 1.39B | |
+27.54% | 1.29B | |
-11.52% | 1.1B | |
-8.53% | 828M | |
+2.38% | 542M | |
-34.66% | 532M |
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- Merry Garden Holdings Limited Provides Earnings Guidance for the First Three Months Ended 31 March 2016