EC-Founder Holdings Co. Ltd. informed shareholders of the company and potential investors that it is expected that the results of the group for the six months ended 30 June 2013 will show an unaudited profit as compared to the consolidated net loss for the corresponding six months ended 30 June 2012. The directors are of the view that such increase is primarily due to the net effect of (including but not limited to) the one-off negative goodwill arising from the acquisition of the subsidiaries by the Group; increase in operating expenses of subsidiaries newly acquired; decrease in revenue and profit generated from the operating activities of the Group; and provision for a fine for late payment of the Chinese customs duties as disclosed in the announcement dated 1 August 2013.
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- EC-Founder Holdings Co. Ltd. Provides Earnings Guidance for the Six Months Ended 30 June 2013