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Provider: Thomson Reuters Stock Report
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Glorious Property Holdings Ltd gives FY 2013 net profit outlook


Tuesday, 18 Mar 2014 05:32am EDT 

Glorious Property Holdings Ltd:Says based on the information currently available.It expects the consolidated net profit for FY 2013 to show a significant decrease as compared with FY 2012.The decrease was primarily attributable to the lower consolidated gross profit margin as a result of the change of the product mix and geographical distribution of the projects delivered during the year.The decrease of the fair value gains of the investment properties, and provision for impairment losses of the remaining units of certain property projects.The company reported 'reported net profit' of $1,081 mln in FY 2012.FY 2013 'reported net profit' of $847 mln - Thomson Reuters I/B/E/S. 

Company Quote

1.14
-0.06 -5.00%
28 Nov 2014