AEON Stores (Hong Kong) (00984) said it expects to record a net profit for the six months ended 30 June 2014 as compared to a net loss for the corresponding period in 2013.
Such expected turnaround from a loss to a profit is mainly attributable to improvement of operating results of the Group's China business; decrease in impairment loss recognized in respect of the Group's property plant and equipment to the extent that it may become unnecessary to recognize any impairment loss in the period; and an increase in the fair value gain on the Group's investment property in an amount comparable to the fair value gain for the entire year in 2013.
Its interim results announcement is expected to be released in late August.
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