Daohe Global Group Limited Provides Earnings and Impairment Guidance for the Six Months Ended October 31, 2017
The company expected impairment loss on goodwill of approximately USD 13.6 million allocated to the sales of merchandise for the six months ended October 31, 2017. The Board would like to emphasize that the above impairment losses on goodwill are non- cash items and are one-off charges to the company's consolidated interim statement of profit or loss. Such impairment losses are not expected to impact the Group's daily operations and cash flow.