Vision International People Group Public Limited announces that the consolidated results for the
first half of the year ended June 30th 2014 are expected to be lower than the reported results for
the first half of the year ended June 30th 2013.
Expected losses for the current half year are mainly attributable:-
- The loss of US$2,7m from the sale of the investment in associate.
- The turmoil in Ukraine and the Russian Federation.
- The change in the selling price policy in March 2014 within the group has resulted in
increased tax expense as a consequence of very high sales in January and February 2014.
- The modifications made to the Vision Marketing Plan have resulted in an increase of
commissions to distributors.
Copies of the aforesaid announcement are available at the registered office of the Company, at
67, Limassol Avenue, Aglantzia, 2121, Nicosia. Furthermore, investors can download a copy of
the said announcement from the internet site of the Company at www.vipgpl.com.
first half of the year ended June 30th 2014 are expected to be lower than the reported results for
the first half of the year ended June 30th 2013.
Expected losses for the current half year are mainly attributable:-
- The loss of US$2,7m from the sale of the investment in associate.
- The turmoil in Ukraine and the Russian Federation.
- The change in the selling price policy in March 2014 within the group has resulted in
increased tax expense as a consequence of very high sales in January and February 2014.
- The modifications made to the Vision Marketing Plan have resulted in an increase of
commissions to distributors.
Copies of the aforesaid announcement are available at the registered office of the Company, at
67, Limassol Avenue, Aglantzia, 2121, Nicosia. Furthermore, investors can download a copy of
the said announcement from the internet site of the Company at www.vipgpl.com.
Wednesday, 20 August, 2014 - 09:07