China Ting Group Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2017
March 20, 2018 at 10:04 am EDT
China Ting Group Holdings Limited provided earnings guidance for the year ended December 31, 2017. The Group's consolidated net operating profit in 2017 is expected to increase by approximately 25% from HKD 124.3 million during the year ended December 31, 2016. The increase was primarily due to the write-back of the provisions previously made in respect of the loans to Hangzhou China Ting Property Development Company Limited, in which the Group held 49.0% equity interest.