China New City Commercial Development Limited Provides Earnings Guidance for the Year Ended December 31, 2018
March 08, 2019 at 03:39 pm IST
China New City Commercial Development Limited provided earnings guidance for the year ended December 31, 2018. The Group is expected to record a loss attributable to the equity holders of the Company for the Year as compared to a profit of approximately RMB 466.4 million for the corresponding period of 2017. Such change is mainly due to a substantial gain in fair value of investment properties in year 2017 but not in the current year.