Dukang Distillers Holdings Limited provided group earnings guidance for the second quarter ended December 31, 2013. The group expects its overall revenue and earnings to be significantly lower compared to the three months ended December 31, 2012. This was mainly due to: the decrease in average selling prices and sales volumes of Luoyang Dukang and Siwu products as Chinese austerity measures had affected the sales of wine and spirit across the nation; and higher advertising and promotional expenses due to intensified advertising and promotional activities.
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- Dukang Distillers Holdings Limited Provides Group Earnings Guidance for the Second Quarter Ended December 31, 2013