AL Group Limited Provides Unaudited Consolidated Earnings Guidance for the Three Months Ended March 31, 2019
AL Group Limited provided unaudited consolidated earnings guidance for the three months ended March 31, 2019. For the quarter, the Group is expected to record a consolidated loss attributable to the owners of the company for the period, as compared to a consolidated profit for the three months ended March 31, 2018. Such change from profit to loss was primarily attributable to- decrease in gain on change in fair value of financial assets at fair value through profit or loss for the Period when compared to the same period in 2018; decline in the overall gross profit margin for the Group's business as a result of additional subcontracting costs incurred when carrying out certain projects and keen competition in the market; and increase in finance cost due to the issuance of the promissory note by the Group in June 2018.