Newtree Group Holdings Limited provided group earnings guidance for the year ended March 31, 2014. The group is expected to record a loss for the year ended March 31, 2014 as compared to a profit for the corresponding year ended March 31, 2013. Based on the information currently available to the Group, such decline was primarily attributable to the expected loss of Hygienic Disposable Business as a result of decrease in turnover due to intense competition and a slow recovery of the global market and increase in labour and raw material costs; the non-cash impairment loss on other intangible assets, property, plant and equipments and available-for sale financial assets as a result of decrease in estimated future profitability; and increase in administrative expenses and legal and professional fee on potential acquisitions.
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5-day change | 1st Jan Change | ||
0.139 HKD | -0.71% | -0.71% | +6.11% |
03-28 | Huasheng International Holding Limited Announces Management Changes | CI |
02-21 | Huasheng International Raises HK$29 Million From Share Sale | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+6.11% | 13.53M | |
+19.09% | 48.99B | |
+2.88% | 16.4B | |
-16.25% | 13.45B | |
-11.67% | 10.67B | |
+105.28% | 8.33B | |
+12.39% | 7.88B | |
+42.63% | 7.78B | |
-5.31% | 7.64B | |
-13.92% | 7.09B |
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- Newtree Group Holdings Limited Provides Group Earnings Guidance for the Year Ended March 31, 2014