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BRIEF-Gome Electrical Appliances issues profit warning
February 22, 2017 / 11:34 AM / in 8 months

BRIEF-Gome Electrical Appliances issues profit warning

Feb 22 (Reuters) - Gome Electrical Appliances Holding Ltd

* Profit for year ended 31 Dec 2016 is expected to decline as compared with corresponding period last year

* Group’s profit in second half of 2016 is expected to be significantly higher as compared with first half

* Net profit ratio is also expected to increase in second half as compared with first half

* For year ended 31 december 2016 profit attributable is expected to decrease by 65% to 75%

* For year ended 31 dec 2016 sales revenue of group is expected to grow by more than 18% as compared with corresponding period last year

* “It is expected that group’s results will improve upon completion of strategic transformation” Source text for Eikon: Further company coverage:

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