Celebrate International Holdings Limited Provides Earnings Guidance for the Year Ended 30 June 2016
September 08, 2016 at 04:52 am EDT
Celebrate International Holdings Limited provided earnings guidance for the year ended 30 June 2016. For the year, the group is expected to record a consolidated loss as compared to a consolidated profit recorded for the year ended 30 June 2015. The Board believes that the aforesaid swing from profit to loss was mainly attributable to: loss derived from securities investment and trading; impairment losses incurred on investment in an associate and available-for-sale investment; and increase in administrative expenses in the property investment and health care business segments.