Ming Le Sports AG Announces Earnings Results for First Half of 2013; Provides Earnings Guidance for the Full Year 2013; Plans to Add 630 Stores in 2013
The company anticipates a year-on-year revenue growth of 25.0% in Euro terms in 2013 surpassing the 350.0 million benchmark and a net profit margin between 17.0 and 18.0% for the full year 2013.
Until the end of 2013 Ming Le plans to add 630 stores including 30 self-owned stores to its existing retail network. Ming Le expects that its network will continue to thrive achieving the market leading position in the respective cities in the near future.