SRE Group Limited provided consolidated earnings guidance for the year ended December 31, 2015. For the year, the company expects to record a loss in the consolidated net profit attributable to the owners of the company for the year, which substantially exceeds the consolidated net loss attributable to the owners of the company of approximately HKD 106 million for the year ended December 31, 2014 and is subject to audit. The record of a loss in the consolidated net profit attributable to the owners of the company are mainly attributable to the impact from the third and fourth-tier cities in the Mainland, which resulted in a decline in both property sales and its gross margin, and the larger impairment losses.
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- SRE Group Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2015