Winox Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Eleven Months Ended 30 November 2018
January 07, 2019 at 03:54 am EST
Winox Holdings Limited provided unaudited consolidated earnings guidance for the eleven months ended 30 November 2018. For the period, the group is expected to record an increase of approximately 22% in its consolidated net profit for the 11-month period ended 30 November 2018 as compared with that for the year ended 31 December 2017 approximately of HKD 116,435,000. Such estimated increase in profit is mainly attributable to: the increase in sales of watch bracelets and mobile phone cases and parts of the Group in 2018; and the reduced income tax provision for the period and the reversal of over-provision of income tax for last year due to the approval of the reduction of enterprise income tax rate of two PRC subsidiaries of the company from 25% to 15%.