Hong Kong Education (Int'l) Investments Limited provided consolidated earnings guidance for the six months ended 31 December 2015. For the period, the company expected the Group will record a substantial decrease in consolidated loss for the six months ended 31 December 2015 as compared with the consolidated loss of approximately HKD 12 million recorded for the corresponding period in 2014. The financial performance of the Group during the six months ended 31 December 2015 was mainly affected by the following factors: the Group is expected to record a gain arising on change in fair value of listed held-for-trading investments of approximately HKD 30 million for the six months ended 31 December 2015 and such gain will be partly offset by the decrease in segment results from the provision of private educational services and the impairment loss on available-for-sale investments of approximately HKD 11 million for the six months ended 31 December 2015.
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- Hong Kong Education (Int'l) Investments Limited Provides Consolidated Earnings Guidance for the Six Months Ended 31 December 2015