Capital Finance Holdings Limited Provides Preliminary Unaudited Earnings Guidance for the Nine Months Ended 30 September 2018
November 02, 2018 at 07:12 am
Capital Finance Holdings Limited board of the directors of the Company announced that, based on the information currently available to the Company and preliminary review of the unaudited consolidated management accounts of the Company and its subsidiaries, it is expected to record a profit attributable to owners of the Company for the nine months ended 30 September 2018 as compared to a loss attributable to owners of the Company of approximately HKD 11.9 million for the corresponding period in 2017. The Expected Turnaround was mainly attributable to the significant increase in the financial consultancy income and the write back of the allowance for expected credit losses on loans to customers was recorded in the financial statements for the nine months period ended 30 September 2018 when the Hong Kong Financial Reporting Standard 9 Financial Instruments was
adopted by the Group for the first time.