Co-Prosperity Holdings Limited provided earnings guidance for the year ended December 31, 2014. The board of directors of the company expects to record a consolidated net profit for the year ended 31 December 2014 as compared to a consolidated net loss for the year ended 31 December 2013. The primary reasons for the improvement in results performance as: a gross profit margin was recorded in 2014 whereas a gross loss was posted in 2013; a gain of fair value in relation to warrants was registered in 2014 whereas a loss of fair value in relation to warrants was registered in 2013; a reversal of amortization in relation to financial guarantee contracts is expected to be posted in 2014 whereas a loss on fair value of financial guarantee contracts was recorded in 2013.
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- Co-Prosperity Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2014