361 Degrees issues profit warning
22/01/2013
“Based on a preliminary review of the group’s unaudited management accounts for the year ended 31 December 2012 and the information currently available, the board currently estimates that for the year ended December 31, 2012, the group will likely record a decrease in profit after taxation of approximately 40%, as compared to that for the year ended 31 December 2011,” it said in a statement.
The company is vertically integrated from design, research and development, manufacturing to brand management. It operates through 30 exclusive distributors who supervise about 3,500 dealers who operate more than 7,800 outlets throughout China.
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