Most Kwai Chung Limited Provides Earnings Guidance for the Six Months Ending September 30, 2021
November 08, 2021 at 05:30 am EST
Most Kwai Chung Limited provided earnings guidance for the six months ending September 30, 2021. For the period, the company expects to record a significant decrease of not less than 70% in the profit attributable to owners of the Company for the Period Under Review as compared to the profit attributable to owners of the Company for the six months ended 30 September 2020
(the Previous Period') which was approximately HKD 10.9 million. Such substantial
decrease was mainly attributable to the decrease in gross profit margin of the Group's
digital media and other media services segments; the subsidy granted to the Group
during the Previous Period under the HKSAR Government's Employment Support Scheme,
whereas the Group did not obtain any such subsidy during the Period Under Review; the
decrease in share of profit of associates; and the increase in administrative and other
operating expenses mainly due to the increase in staff costs.