Herald Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 September 2020
November 10, 2020 at 03:59 am EST
Herald Holdings Limited provided earnings guidance for the six months ended 30 September 2020. The company announced that, based on the information currently available, the Group is expected to record a net profit attributable to the equity Shareholders of not more than HKD 21 million for the six months ended 30 September 2020 (six months ended 30 September 2019: a net loss attributable to the equity Shareholders of HKD 6.1 million) due to: savings achieved through vigorous cost controlling measures; the net realized and unrealized gains on trading securities of approximately HKD 4.9 million (six months ended 30 September 2019: net realized and unrealized losses on trading securities of HKD 4.4 million); and the net foreign exchange gains of HKD 2.3 million (six months ended 30 September 2019: net foreign exchange losses of HKD 4.2 million).