The board of directors of Vision Fame International Holding Limited announced that the group is expected to record a loss for the six months ended September 30, 2013 as compared to a profit for the corresponding period in 2012. The main reasons of the loss are: a number of sizable projects in alterations, renovation, upgrading and fitting-out works with higher gross profit margin were substantially completed during the six months ended September 30, 2012 and the progress of several newly-awarded projects were still at an early stage and such revenue was not reflected in the six months ended September 30,2013; there was share of profit of an associate company during the six months ended September 30, 2012 while no similar income was recorded during the six months ended September 30,2013; and significant increases in construction costs including material, staff and labour cost in Hong Kong and Singapore were recorded.
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5-day change | 1st Jan Change | ||
0.122 HKD | -2.40% | -5.43% | -3.94% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-3.94% | 9.95M | |
-7.52% | 4.98B | |
+6.69% | 3.01B | |
-23.67% | 1.06B | |
+4.17% | 914M | |
0.00% | 665M | |
-6.57% | 664M | |
-16.16% | 617M | |
-19.64% | 479M | |
+27.99% | 419M |
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- Vision Fame International Holding Limited Provides Earnings Guidance for the Six Months Ended September 30, 2013