The board of China Environmental Resources Group says the group is expected to record a loss for the year ended June, similar to the loss it posted in the year-earlier period.
It attributes the expected losses to a decrease in gross profits resulted from a fall in green technology advisory fee income and losses from changes in fair value less costs to sell of biological assets. The losses are offset by a net gain on fair value changes, as well as cost-tightening measures taken by the management during the year.
China Environmental Resources closed 3.55% higher at 35 HK cents (6.4 cents).
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It attributes the expected losses to a decrease in gross profits resulted from a fall in green technology advisory fee income and losses from changes in fair value less costs to sell of biological assets. The losses are offset by a net gain on fair value changes, as well as cost-tightening measures taken by the management during the year.
China Environmental Resources closed 3.55% higher at 35 HK cents (6.4 cents).
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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