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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime

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Neway Group Holdings Ltd Comments On FY 2013 Profit Guidance

Monday, 24 Jun 2013 06:42am EDT 

Neway Group Holdings Ltd announced that the Group it expects to turn into profit for fiscal 2013 as compared to a loss for fiscal 2012. The turnaround is mainly due to the increase in other gains in fiscal 2013 which is mainly attributable from the gain from the disposal of a subsidiary which principally engaged in cultural and entertainment businesses in the PRC as disclosed in the announcement of the Company on February 9, 2012 and the reversal of allowance for bad and doubtful debts in fiscal 2013; and an impairment loss recognised in respect of goodwill was recorded in fiscal 2012 while there is no such item in fiscal 2013. 

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30 Jan 2015