AVIC Joy Holdings (HK) Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the Group expects to record a consolidated loss against a consolidated profit for the corresponding period of 2014. The expected loss was mainly attributable to approximately 50% decline in the revenue of light-emitting diode business and the decrease in profit margin of gas business; approximately 60% increase in administrative expenses due to the increasing operating cost across the business segments which, among others, included the increased staff cost, increased professional fees, and new project expenses; approximately 1.3 times increase in finance costs; and impairment of goodwill of gas business.
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- AVIC Joy Holdings (HK) Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015