Le Saunda Holdings Limited announced unaudited consolidated earnings guidance for the second quarter ended 31 August 2015. For the second quarter, the Board expects that the consolidated profit of the Group for the first half of financial year 2015/16 may decrease by approximately 30% comparing with the same period of last year primarily attributable to (i) an operating loss recorded in the Hong Kong and Macau business segment for the first half of financial year 2015/16 as compared with an operating profit for the same period of last year; (ii) more discounts offered to get rid of the off-season inventory; and (iii) continuing increase of operating costs.
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