Kwan on Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended September 30, 2017
November 21, 2017 at 04:37 pm IST
Kwan on Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2017. The company informed the shareholders of the Company and potential investors that, based on a preliminary review and assessment of the draft unaudited consolidated management accounts of the Group for the six months ended 30 September 2017 and the information currently available to the Company that the Group is expected to record a decrease in net profit for the Period by approximately 70% as compared to that of the corresponding period in the prior year. The decrease in profit is mainly attributable to the expected unrealised loss on held-for-trading securities of approximately HKD 6.9 million during the period.