The board of directors of Vision Fame International Holding Limited announced that the group is expected to record a loss for the six months ended September 30, 2013 as compared to a profit for the corresponding period in 2012. The main reasons of the loss are: a number of sizable projects in alterations, renovation, upgrading and fitting-out works with higher gross profit margin were substantially completed during the six months ended September 30, 2012 and the progress of several newly-awarded projects were still at an early stage and such revenue was not reflected in the six months ended September 30,2013; there was share of profit of an associate company during the six months ended September 30, 2012 while no similar income was recorded during the six months ended September 30,2013; and significant increases in construction costs including material, staff and labour cost in Hong Kong and Singapore were recorded.
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- Vision Fame International Holding Limited Provides Earnings Guidance for the Six Months Ended September 30, 2013