Hing Ming Holdings Limited Provides Group Earnings Guidance for the Three Months Ended June 30, 2018
August 02, 2018 at 02:26 pm IST
Hing Ming Holdings Limited provided group earnings guidance for the three months ended June 30, 2018. The company group is expected to record a decrease in net profit attributable to the owners of the company for the three months ended 30 June 2018 by not exceeding 60% as compared to that of approximately HKD 2.9 million for the corresponding period in 2017. Such expected decrease in profit was primarily attributable to a decrease in revenue generated from the trading of equipment and spare parts business of the group for the three months ended 30 June 2018 due to a delay of completion of certain property development projects.