Kingway Brewery Holdings Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2012
July 11, 2012 at 08:32 am
Kingway Brewery Holdings Ltd. announced that based on a preliminary estimate made by the company's management, the company's unaudited consolidated results for the six months ended June 30, 2012 will record a significant loss, whilst both the company's unaudited consolidated interim results for the six months ended June 30, 2011 and audited consolidated results for the year ended December 31, 2011 recorded a profit. Based on a preliminary assessment of the information available, the anticipated loss to be recorded in the 2012 interim results was mainly due to (i) a decrease in the group's beer sales during the period; and (ii) increases in material prices.