Staff Reporter
,
Hong Kong
Partly to blame is the low season in baijiu market.
Based on a preliminary review of the unaudited consolidated management accounts of Silver Base Group Holdings Limited, the board of directors of the company announced that the Group is expected to record a loss for the six months ended 30 September 2012 as compared to a profit for the corresponding period in 2011.
The expected loss of the Group was mainly attributable to a decrease in revenue due to the economic slowdown and low season in baijiu market in China.
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