King Force Group Holdings Limited Provides Earnings Guidance for the Three Months Ended June 30, 2016
July 22, 2016 at 07:22 am
The board of directors of King Force Group Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the 3 months ended 30 June 2016, the Group is expected to record a significant increase in net profit for the 3 months ended 30 June 2016 as compared with the net profit recorded for the same period in 2015. The expected increase in profit was primarily attributable to (i) the Group's share of profit of its associated company as a result of more well received mobile games were launched in 2016; and (ii) the increase in the Group's gross profit as a result of a manned security guarding services contract with relatively high margin was entered during the three months ended 30 June 2016.