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China Ting : tips substantial drop in 1H operating profit

07/08/2014 | 11:31pm US/Eastern

[ET Net News Agency, 9 July 2014] China Ting (03398) said it expects operating profit

of the Group during the six months ended 30 June 2014 to decrease significantly.

Such decline was mainly due to the amount due from Coldwater Creek to be written-off in

full, the possible provision for doubtful debts in respect of the defaulted entrusted

loans, and the fair value loss on derivative financial instruments.

Its interim results announcement is expected to be published around the end of August.

(HL)

(c) 2014 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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