Sino Haijing Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2017
August 10, 2017 at 10:18 am EDT
Sino Haijing Holdings Limited announced that based on a preliminary review on the unaudited consolidated results of the Group for the six months ended 30 June 2017, the group is expected a substantial increase in net loss for the 2017 Interim Period as compared to the net loss of HKD 3.94 million recorded for the corresponding period in 2016. The Board believes that the increase in net loss for the 2017 interim period was mainly attributable to (i) impairment loss recognized on intangible asset; and (ii) impairment loss recognized on goodwill.