Orange Sky Golden Harvest Entertainment Holdings Limited provided earnings guidance for the year ended December 31, 2014. For the year, the company expected that the group's profit will decrease significantly by approximately 88% as compared with that for the year ended December 31, 2013 of HKD 115 million. The decrease in profit was mainly attributable to the expected exchange losses of approximately HKD 10.5 million (as compared with the exchange gains of HKD 19.5 million for the year of 2013) resulting from the depreciation of Renminbi; a decrease in the profit generated from the group's film distribution and sales of TV programme businesses of approximately HKD 35.5 million, as fewer audience-drawing films were distributed in Hong Kong and the PRC and less revenue was generated from sales of the TV drama series for the reporting period; and a decrease of exceptional income from the property valuation of HKD 38.4 million compared to that for the year of 2013.
Orange Sky Golden Harvest Entertainment (Holdings) Limited
Equities
1132
BMG6770K1291
Leisure & Recreation
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
0.064 HKD | -3.03% | -1.54% | +52.38% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+52.38% | 23.66M | |
+2.61% | 4.02B | |
+21.29% | 2.05B | |
-20.26% | 1.8B | |
-.--% | 1.57B | |
-16.14% | 1.31B | |
-2.21% | 1.3B | |
-13.76% | 1.12B | |
-21.48% | 1.1B | |
-.--% | 818M |
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- Orange Sky Golden Harvest Entertainment Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2014