Lorenzo International Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the board of directors of the Group is expected to report a net loss for the six months ended June 30, 2015. The deterioration in the Group's results was mainly due to several negative trends converging at the same time including: a further weakening in global demand resulting in poorer export sales; generally weaker consumer demand for furniture in core market such as Malaysia due to recent Goods and Services Tax implementation plus weakening of the Malaysian currency.
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0.016 SGD | +23.08% | -.--% | -.--% |
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-.--% | 5.19M | |
+48.35% | 19.1B | |
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+61.18% | 2.67B | |
+21.53% | 1.1B | |
+14.45% | 793M | |
+9.63% | 761M | |
-8.28% | 560M |
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- Lorenzo International Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015