Royale Furniture Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2016
July 07, 2016 at 10:19 am EDT
Royale Furniture Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2016. For the period, the company expected to record net profit as opposed to net loss of HKD 95 million for the corresponding period in 2015. The expected turnaround from loss to profit of the Group is mainly attributable to the profits and gains derived from higher profit margins regarding their new products and the reduction of losses caused by the operation of self-operating stores.