Sincere Watch (Hong Kong) Limited Provides Earnings Guidance for the Six Months Ended September 30, 2016
November 11, 2016 at 09:37 am EST
Sincere Watch (Hong Kong) Limited provided earnings guidance for the six months ended September 30, 2016. Based on the information currently available, the company is expected to continue to record a loss for the six months ended 30 September 2016 but such loss may increase significantly by approximately 90% as compared with the net loss for the corresponding period of 2015. Such increase in the net loss is primarily attributable to the impairment on the Group's available-for-sale investments to reflect the decrease in fair value of the equity instruments.