Sports Direct has warned that annual profits will be up to £40M ($58M) "lower than expected because of fierce high street competition and bad weather in the run-up to Christmas." The FTSE 100 company said that "deterioration of trading conditions on the high street" and "unseasonal weather" were to blame for the downgrade. The company was "no longer confident" it could meet its operating profit target of £420M ($610M) excluding share awards. The company "anticipates similar trading conditions to the end of April." Shares in Sports Direct "fell sharply" following the profit warning on Friday (FINANCIAL TIMES, 1/8). ... In '15, Wanda Group's assets totaled 634B yuan ($97B), up 20.9% from the end of '14. The company's revenue in '15 came in at 290.16B yuan ($44.19B), meeting its yearly targets by 109.3% of the planned target for the whole year and an increase of 19.1% year-on-year. Wanda Commercial Properties' revenue in '15 came in at 190.45B yuan ($29B), which was 101.3% of the target for the whole year. It increased by 4.4% YoY. Wanda Cultural Industry Group posted revenue of 51.28B yuan ($7.8B) in '15, which was 114% of its annual target, and it increased by 45.7% YoY. According to AMC's Q3 income which was announced to be $14B, its whole year revenue is estimated to be over $19B, increasing 9% YoY and outperforming the whole-year target (Wanda).
