Brief: China Fordoo Holdings issues profit warning

China Anchu Energy Storage

22/06/2016 10:48

June 22 (Reuters) - China Fordoo Holdings Ltd  2399.HK : 
 * Profit warning  2399.HK  
 * Expected that termination of distribution relationships with distributors will lead to over RMB30 million additional account receivable 
 * Expects that the total sales of the group's 2016 spring and summer collections will fall short of their respective targets 
 * Expected that group's profit attributable to shareholders for six months ending 30 June will record a decline of more than 50% 
 * Expected change due to group's consolidation strategy on its retail outlet network as disclosed in co's 2015 annual report 
 * Source text (http://bit.ly/28MHwMK) 
 
 
 
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