MOBICON GROUP (01213.HK) Expects Annual Results to Swing to Loss (2018-05-09)
MOBICON GROUP (01213.HK) Expects Annual Results to Swing to Loss
MOBICON GROUP (01213.HK) issued a profit warning. The group is expected to record a net loss for the year ended 31 March 2017 as compared with a net profit for the year ended 31 March 2016.
The expected net loss is mainly due to the decrease in profit derived from the cosmetics business segment as a result of the prolonged sluggish retail environment with cautious consumption sentiment in
Hong Kong and slow consumer sentiment among the Mainland tourists.
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