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Last $1.44 HKD
Change Today 0.00 / 0.00%
Volume 0.0
828 On Other Exchanges
Symbol
Exchange
Hong Kong
Frankfurt
As of 4:01 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

dynasty fine wines group ltd (828) Snapshot

Open
$1.44
Previous Close
$1.44
Day High
$1.44
Day Low
$1.44
52 Week High
07/4/14 - $1.44
52 Week Low
07/4/14 - $1.44
Market Cap
1.8B
Average Volume 10 Days
0.0
EPS TTM
$-0.04
Shares Outstanding
1.2B
EX-Date
09/24/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DYNASTY FINE WINES GROUP LTD (828)

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dynasty fine wines group ltd (828) Details

Dynasty Fine Wines Group Limited, an investment holding company, produces and sells grape wine products primarily in the People’s Republic of China and Hong Kong. The company offers approximately 100 types of wine products in 5 categories, including red wines, white wines, sparkling wines, ice wine, and brandy under the Dynasty brand name. It also manufactures and sells unprocessed wine; and sells foreign brand wines. The company sells its wine products through a network of distributors and retail shops, as well as through online. Dynasty Fine Wines Group Limited was founded in 1980 and is based in Wanchai, Hong Kong.

Founded in 1980

dynasty fine wines group ltd (828) Top Compensated Officers

Chairman and Chairman of Nomination Committee
Total Annual Compensation: --
Qualified Accountant, Company Secretary and F...
Total Annual Compensation: --
Chief Senior Food Engineer, Technical Directo...
Total Annual Compensation: --
Vice Chief Engineer of Dynasty Winery
Total Annual Compensation: --
Deputy General Manager of Dynasty Winery Ltd
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

dynasty fine wines group ltd (828) Key Developments

Dynasty Fine Wines Group Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Dynasty Fine Wines Group Ltd. reported unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported loss attributable to the owners of the company of HKD 258,740,000 on revenues of HKD 649,286,000 compared to loss attributable to the owners of the company of HKD 356,269,000 on revenues of HKD 781,617,000 a year ago. Loss was HKD 258,693,000 compared to HKD 356,269,000 a year ago. Loss before income tax was HKD 248,215,000 compared to HKD 345,413,000 a year ago. Operating loss was HKD 245,259,000 compared to HKD 339,985,000 a year ago. Revenue of the group represents proceeds from sale of wine products. The drop in revenue was the result of a decrease in sales volume and the decrease in average ex-winery sales price. The unaudited consolidated loss for the year was mainly attributable to the decrease in revenue and gross profit. The distribution costs and administrative expenses (including legal and professional fee incurred for the Internal Investigation and an increase in provision for impairment of certain aged trade receivables of approximately HKD 30,000,000) fully offset the gross profit, resulting in a loss for the year.

Dynasty Fine Wines Group Ltd. Provides Earnings Guidance for the Year Ended December 31, 2014

Dynasty Fine Wines Group Ltd. provided earnings guidance for the year ended December 31, 2014. The Board wishes to inform the shareholders of the Company and potential investors that it is anticipated the Group would continue to record an unaudited consolidated loss for the year ended 31 December 2014 as compared to the unaudited consolidated loss for the last year. Based on the review of the preliminary estimate and assessment made with reference to the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2014 currently available to the Board, such loss estimate is mainly attributable to: decrease in gross profit and its margin as a result of: a decrease in sales volume compared to last year as a result of (1) government policy of restrictions on entertainment and hospitality; and (2) weaker demand of domestic wine products amid the slower economic growth in the People's Republic of China and impact of imported wines; a decrease in average selling price compared to last year because of shift of product mix to more medium to low-end products in response to the market demand; and an increase in provision for impairment of certain aged trade receivables of approximately HKD 30 million. The Board expects that the amount of the unaudited consolidated loss for the year ended 31 December 2014 would be less than that of the unaudited consolidated loss for the last year by ranging from 20%­30%, subject to potential adjustments and finalisation that might be incurred during the audit. The decrease in the amount of the loss was primarily due to the distribution cost saving following the effective implementation of cost control policy.

Dynasty Fine Wines Group Ltd. Announces Delay in Publication of 2014 Interim Results

The Board of Dynasty Fine Wines Group Ltd. announced that the update of the internal investigation has not been finalised and PwC indicated that it would only be able to continue their work to complete the audit on the 2012 annual results upon the completion of the internal investigation, the publication of the 2012 annual results and the 2013 annual results and the dispatch of 2012 annual report and the 2013 annual report will continue to be delayed. Due to the incompletion of the audit of the 2012 annual results and the 2013 annual results and subject to the results of the internal investigation, the progress of the preparation and finalisation of the 2014 interim results are affected and delayed. As such, the publication of the 2014 interim results will be delayed and such delay constitutes a breach of Rule 13.49(6) of the Listing Rules.

 

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