Hung Hing Printing Group Limited provided earnings guidance for year ended December 31, 2013. For the period, the group expects to record a significant increase in profit attributable to owners of the company for the year ended December 31, 2013 as compared to the same 12-month period previous year. The expected significant increase in profit will be mainly attributable to (i) the profit arising from the disposal of 7.5% equity interests in paper mill entities; (ii) the higher exchange gains on Renminbi forward contracts and Renminbi monetary assets; and (iii) the absence of share of losses of associates upon re-designation of investment in paper mill entities from associates to available-for sale financial assets previous year.
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- Hung Hing Printing Group Limited Provides Earnings Guidance for Year Ended December 31, 2013