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10 months ago
BRIEF-Anhui Deli Household Glass revises Q1-Q3 2016 net loss outlook to be 48-40 mln yuan
October 18, 2016 / 8:16 AM / 10 months ago

BRIEF-Anhui Deli Household Glass revises Q1-Q3 2016 net loss outlook to be 48-40 mln yuan

Oct 18 (Reuters) - Anhui Deli Household Glass Co Ltd :

* Sees net loss for Q1-Q3 2016 to be 48 million yuan to 40 million yuan, compared to net profit of the same period in 2015 (5.2 million yuan)

* In the previous outlook, the company expected the net loss for Q1-Q3 2016 to be 38 million yuan to 26 million yuan

* Comments that decreased sales gross profit margin, recording of loss in subsidiary, as well as increased bad-debt provision are the main reason for the outlook

Source text in Chinese: goo.gl/Xf1n3J

Further company coverage: (Beijing Headline News)

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