Real Nutriceutical Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2017
March 22, 2018 at 07:05 am EDT
Real Nutriceutical Group Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2017. The company expected to record an increase in the unaudited loss for 2017 of approximately 20% as compared to the audited loss of approximately RMB 65 million for the year ended December 31, 2016. Such loss for 2017 was primarily attributable to an approximately 60% decrease in the revenue of the company for 2017 mainly as a result of a decrease in the revenue of the group`s major products, namely health supplements and beverage products due to competition and general weakness in China consumer markets.