Grand Peace Group Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2019
May 07, 2019 at 05:37 pm IST
Grand Peace Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2019. For the period, the company expects to record an increase of approximately 20% to 30% in loss for the Period as compared with the results for the corresponding period in 2018. Such expected increase in loss for the Period is mainly attributable to: (i) a decrease in Hong Kong funeral business revenue and consequently a decrease in the gross profit as a result of the slowdown of the funeral business in Hong Kong and (ii) an increase in marketing expenses of the Group.