Dynasty Fine Wines Group Ltd. provided consolidated earnings guidance for the six months ended June 30, 2015. For the period, the company expects that its loss would be higher than that of loss for the same period last year by ranging from 50%60%, subject to potential adjustments following further internal review. The company estimates that loss is mainly attributable to: a decrease in revenue, gross profit and its margin as a result of the sales return and/or change of high-end wine, barrel wine and imported wine sold in previous years; government policy of restrictions on entertainment and hospitality; and impact of economic slowdown in China and imported wines; and an increase in distribution costs compared to the previous year's due to continuous increase in investment in brand building, sales and marketing in response to the market change and sustainable development of the Company, which offset the gross profit.
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- Dynasty Fine Wines Group Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2015