The board of directors of China Culiangwang Beverages Holdings Limited announced that the group is expected to record a consolidated net profit for the six months ended October 31, 2014 as compared to a consolidated net loss for the six months ended October 31, 2013. The group's expected profit position for the current period is mainly attributable to increase in gross profit margin; an one-off impairment loss of approximately RMB 46 million in respect of property, plant and equipment due to the disposal of a subsidiary of the company was recognized in the previous period whereas no such impairment loss was recognized in the current period; and decrease in finance cost during the current period.
1st Jan change | Capi. | |
---|---|---|
-6.72% | 2.12B | |
+4.81% | 729M | |
+35.00% | 526M | |
+55.70% | 493M | |
-14.25% | 449M | |
-3.03% | 405M | |
+8.05% | 332M | |
-33.24% | 252M | |
-37.11% | 236M |