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From Home Furnishing Business

Markor Furniture Expects Profit to Top Estimates

Markor International Furniture, the owner of furniture suppliers Schnadig and A.R.T. Furniture,  has said it expects net profit for fiscal 2013 to top analysts' estimates.

Markor International Furniture Co Ltd announced that it expect its net profit for fiscal year 2013 to be above RMB 150 million, or to increase by above 624%, compared to the net profit of FY 2012.

The company cited the product structure optimization, strengthened product management, market development and cost reduction as the main reason for the forecast.


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Source: Reuters

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