Starrise Media Holdings Limited Reports Earnings Guidance for the Year Ended December 31, 2017
March 09, 2018 at 03:40 am
Starrise Media Holdings Limited reported earnings guidance for the year ended December 31, 2017. For the year, the Group is likely to record a net loss of no less than approximately RMB 87 million as opposed to the net profit of approximately RMB 31 million recorded for the year ended 31 December 2016. The anticipated net loss is mainly attributable to a potential impairment loss on goodwill. The relevant goodwill was initially recognised when Solid Will Limited and its subsidiaries were
acquired by the Group in December 2015.