Pollux Properties Ltd. Provides Unaudited Group Earnings Guidance for the Financial Year Ended 31 March 2018
Pollux Properties Ltd. provided unaudited group earnings guidance for the financial year ended 31 March 2018. The Group is expected to record a significant increase in net profit for fiscal 2018. The net profit for fiscal 2018 as compared to the previous corresponding financial year ended 31 March 2017 is mainly due to a non-recurring gain from a bargain purchase of Pollux Alpha Investments Ltd. Excluding the gain from the bargain purchase of PAI, the Group would have recorded a net loss in fiscal 2018.