K & P Int'l(00675)expects '17 profit $8M X
13/02/2018 17:46
(Infocast News)       K & P International Holdings Limited (00675) said that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2017, which have not been audited or reviewed by the Company’s auditor, the Group is expected to record a consolidated profit before tax in the region of around HK$8.0million for the year ended 31 December 2017, as compared with a consolidated loss before tax of approximately HK$8.3 million for the year ended 31 December 2016. 

The estimated improvement in results is primarily attributable to the absence of the one-off provision for impairment on segment assets and other costs of approximately HK$13.1 million in respect of the Group’s consumer electronic products business for the year ended 31 December 2016. 

(SY)



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