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ChinaVision Media Group Ltd gives H1 2014 earnings outlook


Friday, 18 Jul 2014 09:23am EDT 

ChinaVision Media Group Ltd:Says based on the preliminary assessment of the unaudited consolidated management accounts.Expects the group to record a substantial loss of about HK$97 million to HK$180 million for H1 2014 as compared to a profit of about HK$139 million for H1 2013.This loss was expected to be mainly attributable to a substantial drop in revenue (in the range of about HK$120 million to HK$145 million) for H1 2014.It represents a decrease of between 70 - 75 pct compared to revenue of about HK$482 million recorded for H1 2013.Because certain motion pictures which were under production in H1 2014 will only be available for distribution in the H2 2014.The board has decided to postpone certain strategic decisions until after the completion, taking consideration of the anticipated change of control of the company at both the Shareholder and the board levels. 

Company Quote

1.87
0.12 +6.86%
4 Mar 2015