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Chinese People Holdings Co Ltd Comments On FY 2013 Guidance


Tuesday, 14 May 2013 09:00am EDT 

Chinese People Holdings Co Ltd announced that it expects to record a loss for fiscal 2013 as compared to the profit recorded in the last corresponding year. The loss was mainly attributable to (i) the substantial impairment loss in respect of intangible assets exclusive rights of operation of lottery sales of the Company as the Board determined that, based on HKAS 36, an impairment loss on assets should be made on the intangible assets of the Group as a result of the longer than expected time required for the development of Keno Game Lottery business in the PRC; and (ii) no other income such as re-measurement of interest in an associate to fair value on business combination is recognised in this reporting period. Such impairment is non-cash item which do not impose adverse impact on the operations and cash flows of the Group. 

Company Quote

0.154
-0.0060 -3.75%
19 Dec 2014