Clear Media Limited Reports Unaudited Revenue Results for the Year Ended December 31, 2019; Provides Earnings Guidance for the Year Ended December 31, 2019
The company provided earnings guidance for the year ended December 31, 2019. Further, after taking into account the increase in costs and expenses, and the adoption of Hong Kong Financial Reporting Standard HKFRS 16 leases, the group expects to report a net loss attributable to the owners of the parent for the year ended 31 December 2019 (compared with a net profit attributable to the owners of the parent of approximately RMB 220.8 million for the year ended 31 December 2018).