National Arts Holdings Limited Provides Profit Guidance for the Fiscal Year Ended December 31, 2011
March 21, 2012 at 11:21 am EDT
National Arts Holdings Limited announced that based on the information currently available, the board of directors of the company informed that it is expected to record a significant profit for the fiscal year ended December 31, 2011 as compared to a loss for the year ended December 31, 2010. The
board considers that the significant profit in the financial results of the company was mainly attributable to (i) the gain on change in fair value of investment property arising from revaluation of a film studio and (ii) the overseas licensing income of film products.