18 January 2019

Swellfun sees up to 160 mln yuan loss for 2013, filing says

Sichuan Swellfun Co. Ltd. (600779.CN) expects to report a loss for 2013 due to weak sales and higher marketing expenses, according to a regulatory filing late Monday. It would mark the first time in 10 years that the firm will be in the red. The company expects the net loss figure to be in the range of 124 million yuan to 160 million yuan (US$20.3-26.2 million). China’s luxury liquor producers have seen their sales get dented significantly due to Beijing’s anti-corruption campaign.

– Contact HKEJ at [email protected]



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