Daphne International Holdings Limited Announces Sales Results for the Fourth Quarter and Year Ended 31 December 2017; Provides Earnings Guidance for the Year Ended 31 December 2017
Overall, the year-on-year same-store sales for the year ended 31 December 2017 decreased by 12.4%.
Based on a preliminary review of the unaudited consolidated management accounts and the information currently available, the Board informed the shareholders of the company and potential investors that, for the year ended 31 December 2017, the group expects to report a net loss, however, the operating loss would be narrowed when compared to that of the previous year.