Alco Holdings Limited Provides Earnings Guidance for the Six Months Ended September 30, 2017
October 18, 2017 at 12:26 pm
Alco Holdings Limited provided earnings guidance for the six months ended September 30, 2017. Based on the information currently available to the Board, including the preliminary review of the unaudited consolidated financial information of the Group, the board of directors of the Company informed the shareholders of the company and potential investors that despite the turnover for the six months ended September 30, 2017 remained stable as compared to the corresponding period last year, the Group is expected to record a net loss in the range of HKD 30 million to HKD 50 million for the six months ended September 30, 2017 as compared to a profit of approximately HKD 46 million for the corresponding period last year. The expected net loss of the Group was mainly due to the increase in the costs of some critical components, particularly the Memory IC, used by the Group in the production of its electronic products, and the initial set up costs incurred by the Group for the commercial notebook business.