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Prosperity International Holdings HK Ltd Comments On H1 2014 Earnings Guidance

Thursday, 14 Nov 2013 06:11am EST 

Prosperity International Holdings HK Ltd announced that based on a preliminary review of management accounts, the Group expects to record a profit for the first half of 2014 as compared with a loss for the first half of 2013. This is mainly attributable to the increase in gross profit resulting from the increase in the Group’s turnover and the absence of a non-recurring loss of approximately HKD39 million recorded last year; the gain on disposal of a jointly controlled entity; the gain on disposal of an associated company; the reversal of the impairment loss on interests in a jointly controlled entity; and the fair value gain on derivative financial instruments, investment properties and investment properties under development. 

Company Quote

-0.0010 -0.43%
12:27am EST