The board of directors of Auto Italia Holdings Limited announced that the group is expected to record a net profit for the year ended 31 December 2014 as compared with an audited loss of HKD 55.7 million for the year ended 31 December 2013. A turnaround of the Group's performance is primarily due to an increase in unit sales of cars as well as an increase in income from the provision of pre-delivery inspection services in mainland China; an improvement in gross profit margin from the car division by mid-single digit percentage points mainly attributable to the introduction of new car models in 2014; and income contribution of approximately HKD 20 million from its financing activities comprising the provision of financing services, which were contemplated in late 2013.
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- Auto Italia Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2014