Universe International Holdings Limited Announces Earnings Guidance for the Year Ended June 30, 2016
July 04, 2016 at 09:45 am
Universe International Holdings Limited announced earnings guidance for the year ended June 30, 2016. For the year, the company expects net loss for the year ended 30 June 2016 as compared with a net profit of approximately HKD 160.9 million for the year ended 30 June 2015. The Board attributes such loss mainly to the fair value loss arising from the investment securities of approximately HKD 142.0 million during the year ended 30 June 2016.