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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports

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DVN (Holdings) Ltd Comments On H1 2013 Profit Guidance

Monday, 22 Jul 2013 09:02am EDT 

DVN (Holdings) Ltd announced that for first half of 2013, it expects to record a loss from both continuing and discontinued operations as compared with first half of 2012. During the first half of 2013, based on the preliminary assessment of the management, the Group is expected to incur a loss from its continuing operations resulted from its advertising agency business and the impairment provision for the amount due from an associate. The Group is also expected to incur a loss from its discontinued operations arisen from the impairment provision for the recoverability of the periodic adjustment payments in relation to the former disposal of the settop box business, which was accounted for as available-for-sale financial assets in the consolidated statement of financial position. 

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