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Applied Development Holdings Ltd Comments On H1 2013 Earnings Guidance


Tuesday, 5 Feb 2013 07:03am EST 

Applied Development Holdings Ltd announced that it is expected to record a slight profit for the first half of 2013 as compared to a loss for the first half of 2012. The Board believes that such possible profit is mainly due to a slight profit resulting from (i) an increase in fair value of investment properties classified as held for sale; (ii) a decrease in administration expenses as compared to an extra-ordinary litigation incurred in connection with litigation proceeding with a former director of the Company, Ms. Wong Kar Gee, Mimi (Ms. Wong) during the first half of 2012 and (iii) net gain on disposal of financial assets at fair value through profit or loss for the first half of 2013 as compared to a net loss for the first half of 2012. 

Company Quote

0.315
-0.01 -3.08%
2 Sep 2014