Thursday, February 14, 2013

Great Group

Great Group Holdings: The underwear manufacturer issued a profit warning for FY12, mainly attributable to 1) lower revenues and gross margin resulting from weaker demand in Europe; and 2) impairment of the Group’s fixed assets as at 31 December 2012. The impairment charge is a non-cash item and will not have an impact on the Group’s cash position and cash flows.

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