SRE Group Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2014. The company based on the preliminary review of the unaudited consolidated management accounts of the group, the group expects to record a significant decrease in the revenue for the year ended December 31, 2014 as compared to the revenue for the year ended December 31, 2013, and to record a loss in the consolidated net profit attributable to the owners of the Company the extent of which is subject to audit. The significant decrease in the revenue and the record of a loss in the consolidated net profit attributable to the owners of the company are mainly attributable to the slackening of the property market in mainland China which resulted in a decline in both property sales and its gross margin.
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May. 13 | SRE Group Delays Dispatch of Circular for Disposal of Stake in Two Firms | MT |
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- SRE Group Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2014