SRE Group Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2019
March 24, 2020 at 05:54 am EDT
SRE Group Limited announced that based on preliminary review of the unaudited consolidated management accounts of the Group for the Reporting Period, the Group is expected to record unaudited loss attributable to the shareholders of the Company in the range of RMB 1.9 billion to RMB 2.4 billion for the Reporting Period, mainly due to impairment losses in the range of RMB 1.8 billion to RMB 2.3 billion in respect of certain properties, investments and loans and receivables of the Group as mentioned in the Announcement.