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Universe International Holdings Ltd Comments On FY 2013 Earnings Guidance


Monday, 2 Sep 2013 07:39am EDT 

Universe International Holdings Ltd announced that based on the information available, the Board expects the net loss of the Group for fiscal 2013 is expected to substantially decrease as compared to the net loss of the Group for fiscal 2012. The expected decrease in net loss of the Group was mainly attributable to higher gross profit contribution from licensing of non-newly released film and television series which had been fully amortised in the previous years; increase in fair value of investment properties; satisfactory performance of the local film exhibition business; and absence of one-off share-based compensation expense and provision for impairment of available-for-sale financial assets as recorded during fiscal 2012. 

Company Quote

0.177
-0.014 -7.33%
11 Jul 2014