U Banquet Group Holding Limited provided group earnings guidance for the three months ended March 31, 2015. The board of directors announced that group is expected to record a significant increase of profit attributable to owners of the company for the three months ended 31 March 2015 of over 500% as compared to profit attributable to owners of the company for the corresponding period in 2014. The Board considers that the significant increase of profit attributable to owners of the company for the three months ended 31 March 2015 was mainly due to: increase in revenue from Chinese restaurants operations of approximately HKD 7.1 million which includes approximately HKD 4.1 million contributed by wedding banquet services when compare to the corresponding period in 2014; 100% profit contribution from distribution of goods business for the three months ended 31 March 2015 since the acquisition of 49.995% interest in each of General Corporation Limited and Smart Award Limited which took place on 4 September 2014; and receipt of approximately HKD 0.9 million franchise income for the three months ended 31 March 2015 from a franchisee pursuant to a franchise agreement.
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5-day change | 1st Jan Change | ||
1.18 HKD | -4.07% | -11.94% | +1.72% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+1.72% | 12Cr | |
+17.66% | 8.46TCr | |
+12.30% | 5.83TCr | |
+19.84% | 2.43TCr | |
+24.11% | 1.17TCr | |
+25.50% | 1.12TCr | |
+2.88% | 708.41Cr | |
+21.74% | 480.34Cr | |
+20.15% | 463.45Cr | |
-7.46% | 293.31Cr |
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- U Banquet Group Holding Limited Provides Group Earnings Guidance for the Three Months Ended March 31, 2015