GT Group Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2019
January 09, 2020 at 03:44 pm IST
GT Group Holdings Limited provided earnings guidance for the year ended 31 December 2019. Based on the preliminary review of the unaudited management accounts of the group, the
board of directors of the company announced shareholders of the company and potential investors that, before taking into account any possible adjustments in relation to finalisation of the annual results of the group for the year ended 31 December 2019, the group is expected to record a consolidated net loss for the year ended 31 December 2019. Based on the preliminary assessment of unaudited management accounts of the group and financial information currently available and that before taking into account any possible adjustments in relation to finalisation of the annual results of the Group for the year ended 31 December 2019, the consolidated net loss is mainly due to the Group will record net realised loss and unrealised loss on financial assets
as stated at fair value through profit or loss of approximately HKD 1.8 million and HKD 145 million respectively for the year ended 31 December 2019 as compared to net realised loss
of approximately HK$150 million and unrealised loss of approximately HKD 117 million of the same respectively for the corresponding period of 2018.