China Star Entertainment Ltd. provided earnings guidance for the year ended December 31, 2015. For the year, the company reported the profit of the group for the year ended December 31, 2015 is expected to decrease by approximately 46% to 52% as compared to HKD 210,011,000 for the year ended 31 December 2014. Based on a preliminary review on the unaudited consolidated management accounts of the Group for the year ended 31 December 2015 and information currently available to the Board, such decrease is mainly attributable to approximately 26% to 32% decrease in the figure of gross profit from HKD 650,142,000 in the previous year due to significant decrease in revenue from service income from gaming operations as a result of the recession in gaming industry in Macau; and the incur of share-based payment expenses of approximately HKD 52 million related to share options granted in this year.
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5-day change | 1st Jan Change | ||
0.62 HKD | +5.08% |
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-16.22% | -22.50% |
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Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-22.50% | 193M | |
+13.91% | 8.18B | |
-17.06% | 5.38B | |
-1.36% | 5B | |
+3.46% | 4.5B | |
+4.14% | 3.99B | |
+3.19% | 3.37B | |
+21.39% | 3.36B | |
-12.09% | 2.76B | |
-24.25% | 2.33B |
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- China Star Entertainment Ltd. Provides Earnings Guidance for the Year Ended December 31, 2015