Brief: Baofeng Modern International updates on sales for HY 2016 and profit warning

Golden Solar New Energy Technology Holdings

26/07/2016 12:20

July 26 (Reuters) - Baofeng Modern International Holdings Co Ltd  1121.HK : 
 * Sales for the six months ended 30 June 2016 and profit warning  1121.HK  
 * Expected result due to the decline in sales of own branded products during the reporting period 
 * "Expect that sales of the group will improve in the second half of 2016" 
 * Expects to record increase in net loss before tax for HY 
 * Says sales of the group for hy amounted to rmb94.93 million 
 * Increase in net loss before tax due to share-based payment expenses in relation to the share options 
 
 * Source text for Eikon  ID:nHKS7Rbwc  
 
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