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Chinlink International Holdings Ltd Comments On H1 2014 Earnings Guidance


Friday, 8 Nov 2013 05:28am EST 

Chinlink International Holdings Ltd announced that it is expected to record a loss for the first half of 2014 (the Period). Based on the information currently available, the loss was mainly attributable to (i) the substantial decrease in turnover and gross profit of both the interior decoration work and the trading of furniture and fixtures which was partially compensated by the contribution from the Group’s two new businesses, namely the financing guarantee business and the logistics services; (ii) the significant increase in finance costs arising from the issue of bonds with detachable warrants and convertible bonds during the Period calculated under effective interest rate; and (iii) the share option expenses recognized under Hong Kong Financial Reporting Standard which was granted during the Period. 

Company Quote

0.67
0.01 +1.52%
19 Dec 2014