Chris Joannou Public Ltd. Announces Interim Management Statement for the Quarter Ended October 31, 2014; Provides Sales Guidance for the Quarter Ending December 2014 and Earnings Guidance for the Year 2014
For the quarter ending December 2014, sales are expected to be at the same level as those of 2013.
For the year 2014, the company is expected that the group's loss for 2014 will be slightly increased compared to 2013. However, the Board of Directors believes that the net loss, despite the ongoing financial crisis, is at manageable levels. The Board of Directors and the Management is taking all necessary actions so that the company returns to positive cash flows.