Golden Resources Development International Limited Announces Earnings Guidance for the Six Months Ended September 30, 2017
November 10, 2017 at 04:13 am EST
Golden Resources Development International Limited announced earnings guidance for the six months ended September 30, 2017. For the year, the company expects substantial increase in net profit after tax as compared to that for the corresponding period in 2016. Based on the information currently available, the board considers that such substantial increase in net profit was attributable to a profit of approximately HKD 7 million on the disposal of a wholly-owned subsidiary engaged in property investment in Mainland China; and the share of approximately HKD 14 million profits from the Group's investment in an associate arising from the gain on the disposal of its investment property in Malaysia.