IOne Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2015; Reports Revenue Results for the Year Ended December 31, 2015
for the year ended 31 December 2015 as compared to that for the year ended 31 December 2014 as a result of provisions for impairment in respect of certain high risk customers; (ii) while a one-off gain on disposals of available-for-sale investments (including equity investments and corporate bonds) of approximately HKD 2.6 million and interest income of approximately HKD 0.4 million from corporate bonds were recognized for the year ended 31 December 2014, there is no such income for the year ended 31 December 2015; and (iii) a decrease in revaluation gains from investment property for approximately HKD 2.6 million for the year ended 31 December 2015 as compared to that for the year ended 31 December 2014.
Notwithstanding that the Group has recorded an increase in revenue for the year ended 31 December 2015 as compared to the year ended 31 December 2014, such increase was substantially set-off by the increase in provisions for impairment of trade receivables.