25th Jun 2014 10:34
LONDON (Alliance News) - JQW PLC said Wednesday that it is confident that the group is trading ahead of market expectations for the current financial year.
In a statement released following its annual general meeting Wednesday, the domestic Chinese B2B e-commerce operator said that the board remains focused on the implementation of the group's strategy and remains positive for the continued future growth of JQW.
Following a positive start to 2014, JQW said the Board is confident that trading is ahead of current market expectations for this financial year. "We are extremely pleased with the progress that the Group has made in the current financial year and we are confident that both revenues and profit after tax will be ahead of market expectations," said Chairman Cai Yongde.
Yongde also said that the firm will soon announce the launch of its English language e-commerce platform.
Shares in JQW were trading 4.41% lower at 81.25 pence per share Wednesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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