Astrum Financial Holdings Limited Provides Consolidated Earnings Guidance for the Three Months Ended March 31, 2020
April 24, 2020 at 02:10 pm IST
Astrum Financial Holdings Limited provided consolidated earnings guidance for the three months ended March 31, 2020. For the period, the Group is expected to record a significant decrease in the unaudited profit and total comprehensive income from approximately HKD 2.0 million for the three months ended 31 March 2019 (the "Corresponding Period") to approximately HKD 1.1 million for the Current Period, representing a decrease of approximately 45%. Such expected decrease for the Current Period is mainly attributable to the significant increase in administrative and other operating expenses from approximately HKD 5.9 million for the Corresponding Period to approximately HKD 8.3 million for the Current Period, which is partially offset by the increase in revenue from approximately HKD 8.0 million for the Corresponding Period to approximately HKD 9.0 million for the Current Period.