Anxian Yuan China Holdings Limited Provides Earnings Guidance for the Year Ended March 31, 2018
June 08, 2018 at 10:00 am
Anxian Yuan China Holdings Limited provided earnings guidance for the year ended March 31, 2018. For the period, the company expected to record a significant increase by approximately 197% in net profit as compared to the corresponding period last year. Such increase was mainly attributable to, among other things, the increase in revenue by approximately 28% and decrease in finance costs by approximately 45%, as offsetting by the increase in administrative expenses by approximately 18%, increase in income tax expense by approximately 215% and the decrease in fair value gain of derivative component of convertible bonds by approximately 89% for the year.