The board of directors of Auto Italia Holdings Limited announced that the group is expected to record a net profit for the year ended 31 December 2014 as compared with an audited loss of HKD 55.7 million for the year ended 31 December 2013. A turnaround of the Group's performance is primarily due to an increase in unit sales of cars as well as an increase in income from the provision of pre-delivery inspection services in mainland China; an improvement in gross profit margin from the car division by mid-single digit percentage points mainly attributable to the introduction of new car models in 2014; and income contribution of approximately HKD 20 million from its financing activities comprising the provision of financing services, which were contemplated in late 2013.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.15 HKD | 0.00% | +1.35% | +1.35% |
03/05 | Planetree International Development Unit Sells Stake in Auto Italia | MT |
22/04 | Auto Italia Holdings Limited Announces Change of Principal Place of Business in Hong Kong | CI |
1st Jan change | Capi. | |
---|---|---|
+1.35% | 10Cr | |
+8.93% | 2.79TCr | |
-9.06% | 2.7TCr | |
+21.59% | 2.53TCr | |
+12.89% | 2.51TCr | |
+12.50% | 2.22TCr | |
+31.45% | 2.06TCr | |
-2.27% | 1.85TCr | |
+4.75% | 1.73TCr | |
+31.38% | 1.61TCr |
- Stock Market
- Equities
- 720 Stock
- News Auto Italia Holdings Limited
- Auto Italia Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2014