AVIC International Holding (HK) Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2018
August 17, 2018 at 07:45 am EDT
The board of directors of AVIC International Holding (HK) Limited announced that based on the information available the group is expected to record a significant increase in the loss attributable to owners of the parents for the six months ended 30 June 2018 to approximately HKD 110 million HKD 140 million from approximately HKD 57 million for the same period last year. The increase in loss was mainly attributable to a one-off gain on disposal of convertible loans of approximately HKD 87 million recorded in the same period last year, though there was a decrease in the losses in respect of financial instruments held as compared to the same period last year.