Lorenzo International Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the board of directors of the Group is expected to report a net loss for the six months ended June 30, 2015. The deterioration in the Group's results was mainly due to several negative trends converging at the same time including: a further weakening in global demand resulting in poorer export sales; generally weaker consumer demand for furniture in core market such as Malaysia due to recent Goods and Services Tax implementation plus weakening of the Malaysian currency.
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+10.31% | 799M | |
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- Lorenzo International Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015