Ajisen blames these 3 culprits for looming profit loss

Sales growth and revenue dipped.

According to an HKEx release, the board of directors of Ajisen announced that based on the Group’s unaudited management accounts for the year ended 31 December 2012, the consolidated 

profit attributable to the Shareholders for the year ended 31 December 2012 is expected to significantly decline as compared to the year ended 31 December 2011.

The reasons for the expected decline in the consolidated profit attributable to the Shareholders for the year ended 31 December 2012 are primarily as follows:

1. Decrease in revenue and comparable restaurant sales growth as a result of the impact from the Diaoyu Island dispute during second half of 2012 ;
2. General sluggish consumers’ sentiment in the year of 2012;
3. Increase in the selling, administrative and other operating expenses incurred by the Group including expense recognition of the share-based payments arising from share options granted to certain employees of the Group around the third quarter of 2011.