Pavillon Holdings Ltd. Provides Earnings Guidance for the Year Ended December 31, 2018
January 14, 2019 at 09:50 am
Pavillon Holdings Ltd. provided earnings guidance for the year ended December 31, 2018. For the year, the company announced that the Group is expected to report a net loss for the financial year ended December 31, 2018. Based on the preliminary review of its draft financial results, the losses are mainly due to: Impairment of receivables; Decline in revenue and profit margins from the finance leasing business.