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Easyknit International Holdings Ltd Comments On H1 2014 Earnings Guidance


Thursday, 7 Nov 2013 03:56am EST 

Easyknit International Holdings Ltd announced that for the first half of 2014, it expects the group to report a significant decrease in profit as compared with the corresponding period in 2013. The decrease in profit was mainly attributable to the significant decrease in gain arising on changes in fair value of the investment properties; the decrease in gain on disposal of properties held for development for sale; and net loss on deemed disposal of Easyknit Enterprises Holdings Limited, a subsidiary of the Company, in late September 2013. Despite the decline in profit, the Board considers that the overall operating and financial position of the group remains sound and solid and the Board remains positive on the long term prospect of the group. 

Company Quote

4.4
-0.01 -0.23%
28 Nov 2014