JB and ZJMY Holding Co (JBZY)

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Chinese Strategic Holdings (08089.HK) loss reduction by 75.22% to HK$86.462 million
March 18, 2018 18:54source: Gronedit:Oriental Wealth Network
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K figure 08089_21

Chinese Strategic Holdings(08089.HK) Announcement: As of December 31, 2017, the company realized revenue of 10.26 million Hong Kong dollars, an increase of 17.50%; gross profit of 5.955 million Hong Kong dollars, a decrease of 29.67%; loss attributable to shareholders of 86.364 million Hong Kong dollars, a loss reduction of 75.22%.

Basic loss of 57.79 Hong Kong cents per share, no dividend.

The increase in revenue was mainly due to the introduction of new sales and purchase business segments in the fourth quarter of 2017. The loss for the year was mainly due to the changes in fair value held for trading investment, administrative expenses and financing costs.