China Railway Logistics Limited Provides Group Earnings Guidance for the First Quarter Ended March 31, 2012
May 07, 2012 at 12:03 pm EDT
China Railway Logistics Limited provided group earnings guidance for the first quarter ended March 31, 2012. The company announced that the company and its subsidiaries are expected to record a substantial increase in profit for the three months ended March 31, 2012 as compared to the profit for the three months ended March 31, 2011. The increase in profit was mainly due to increase in gain on disposal of investments held for trading, gain arising from fair value changes of investments held for trading and gain arising from fair value changes of convertible instruments designated at financial assets at fair value through profit or loss.