Ekspress Grupp Announced Amendment to Financial Disclosures
OREANDA-NEWS. From May, AS Ekspress Grupp will no longer publish monthly sales results. Instead, sales and profit forecast for the next reporting period will be submitted to the quarterly interim reports. AS Ekspress Grupp will publish the next quarter’s sales and profit forecast for the first time in the Interim Report for the First Quarter of 2013. The company believes that in order to assess the Group’s performance and economic prospects, presentation of the prognosis will provide the investors with better information than monthly sales results which often does not automatically correlate with changes in the company’s profit.
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