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BRIEF-Modern Avenue Group amends FY 2016 net loss outlook, to be 210 mln yuan to 290 mln yuan
February 6, 2017 / 7:19 AM / in 8 months

BRIEF-Modern Avenue Group amends FY 2016 net loss outlook, to be 210 mln yuan to 290 mln yuan

Feb 6 (Reuters) - Modern Avenue Group Co Ltd :

* Sees net loss for FY 2016 to be 210 million yuan to 290 million yuan

* In the previous release, the co expected the net loss for FY 2016 to be 70 million yuan to 100 million yuan

* Says the net profit of FY 2015 was 10.2 million yuan

* Comments that expenses on closing lossmaking stores and exchange loss are the main reasons for the forecast

Source text in Chinese:goo.gl/d0ZGla

Further company coverage: (Beijing Headline News)

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