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New Heritage Holdings Ltd gives H1 2014 profit guidance


Friday, 18 Jul 2014 10:51am EDT 

New Heritage Holdings Ltd:Expects to record a significant decrease in profit or even incur a loss for H1 2014.Primarily attributable to a substantial increase in administrative expenses, including compensation payable to directors and employees and professional expenses incurred of about HK$39 million.As result of the mandatory general offers made by China LVGEM Property Holdings Limited for all the securities of the Company, the closing of which took place in June 2014.Decline in revenue of about HK$116 million due to the decrease in recognised sales of properties held for sale for H1 2014. 

Company Quote

2.29
-0.05 -2.14%
28 Nov 2014