Baofeng Modern International Holdings Company Limited Reports Sales Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year Ended December 31, 2014
For the year ended December 31, 2014, the group is expected to record a substantial loss for the year ended 31 December 2014 as compared with the profit recorded by the group for the corresponding period in 2013. Such substantial loss is primarily attributable to the substantial decrease in sales for the year ended 31 December 2014 as compared with the corresponding period in 2013.