Green Leader Holdings Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2019
August 14, 2019 at 01:04 pm IST
Green Leader Holdings Group Limited provided group earnings guidance for the six months ended 30 June 2019. The Group is expected to record a loss attributable to owners of the Company for the 2019 Interim not less than HKD 300 million as compared to the profit attributable to owners of the Company of approximately HKD 102 million for the corresponding period in 2018 (the 2018 interim). The expected turnaround to loss attributable to owners of the Company for the 2019 Interim was
mainly attributable to the combined effects of the following factors: the decrease in revenue for the 2019 Interim compared to 2018 Interim, mainly from the
mining operation; the increase in impairment loss in respect of mining rights and property, plant and equipment for the 2019 Interim compared to 2018 Interim; and
the change in fair value of derivative component of convertible loan noted in 2019 Interim compared to 2018 Interim.