Ground Properties Company Limited Provides Earnings Guidance for the Year Ended March 31, 2016
May 30, 2016 at 04:12 pm IST
Ground Properties Company Limited provides earnings guidance for the year ended March 31, 2016. For the year, the company expects to record a net loss of approximately HKD 75.7 million for the Year 2016, representing a significant increase of approximately 233% when compared with that of HKD 22.7 million for the year 2015. The decrease in the expected net loss of the Group for the Year 2016 is due to the increase in profit from operation arising from the Group's telecommunications retail sales and management services segment as compared to that previously expected at the time of the profit warning announcement.