China Minsheng Financial Holding Corporation Limited Provides Earnings Guidance for the Six Months Ended 30 June 2019
July 19, 2019 at 03:32 pm IST
China Minsheng Financial Holding Corporation Limited provided earnings guidance for the six months ended 30 June 2019. The board of directors announced that after a preliminary assessment of the Group's latest unaudited consolidated management accounts and the information currently available, the Group is expected to record an unaudited consolidated loss attributable to owners of the company for the six months ended 30 June 2019 as compared with a profit of approximately HKD 176 million for the six months ended 30 June 2018. The expected net loss was mainly attributable to unrealised loss arising from the decrease in the fair value of the Group's financial assets through profit or loss for the six months ended 30 June 2019.