Waytung Global Group Limited Provides Earnings Guidance for the Full Year Ended December 31, 2011
March 26, 2012 at 11:11 am EDT
Waytung Global Group Limited provided earnings guidance for the full year ended December 31, 2011. For the period, the Group is expected to record a significant increase in loss for as compared to the loss for the year ended December 31, 2010 and a total comprehensive expenses for the year ended 31 December 2011 as compared to the total comprehensive income for the year ended 31 December 2010 due to (i) substantial impairment loss recognized in respect of goodwill; (ii) decrease in fair value of investment properties; and (iii) substantial amount of payment in relation to an unauthorised building by the Company's subsidiary in the PRC.