Sino Resources Group Limited Provides Earnings Guidance for the Year Ended March 31, 2016
June 21, 2016 at 08:51 am EDT
Sino Resources Group Limited provided earnings guidance for the year ended March 31, 2016. For the year, the Group is expected to record a significant increase in profit as compared to the loss for the year ended 31 March 2015. The increase was mainly due to (i) the Group record an extraordinary gain on settlement of litigations of approximately HKD 350 million; and (ii) a decrease in the operating expense and finance costs of the Group.