Hin Sang Group (International) Holding Co. Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended September 30, 2018
November 13, 2018 at 08:16 am
Hin Sang Group (International) Holding Co. Ltd. provided consolidated earnings guidance for the six months ended September 30, 2018. For the period, the Group is expected to record a consolidated net loss for the Period whereas a consolidated net profit of approximately HKD 12.8 million was recorded for the corresponding period in 2017. The consolidated net loss for the Period is primarily attributable to a non-cash accounting treatment in relation to the fair value loss on financial assets through profit or loss (being listed equity securities) of approximately HKD 7.5 million and an increase in depreciation and amortisation expense of approximately HKD 5.6 million compared to the corresponding period in 2017.