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. | |
---|---|---|
-12.88% | 2.01B | |
-0.08% | 731M | |
+58.23% | 505M | |
+17.67% | 484M | |
-19.82% | 424M | |
-3.03% | 405M | |
+10.10% | 334M | |
-35.21% | 251M | |
+13.95% | 236M |