Prime Intelligence Solutions Group Limited Provides Earnings Guidance for the Year Ended March 31, 2019
June 06, 2019 at 08:07 am
Prime Intelligence Solutions Group Limited provided earnings guidance for the year ended March 31, 2019. For the year, the company expected to record a net loss for the year ended 31 March
2019, as compared to a net profit of approximately HKD 4.2 million for the year ended 31 March 2018. The turnaround from profit to loss was mainly attributable to the decrease of over 25% in revenue generated from sales of handheld devices as compared with the corresponding period in 2018, which were the same as those mentioned in the profit warning announcements of the Company dated 28 January 2019 and 29 October 2018.