China kunda may finally be turning around with its recent "profit guidance" announcement, see below :
Following a preliminary assessment of the unaudited Group financial results, the Group expects to record a profit for FY2015 compared to a net loss of HK$85.1 million for FY2014.
The improvement in FY2015 was mainly attributed to:
i) Disposal and foreign currency translation gains arising from the dispos
al of three subsidiaries in FY2015;
ii) higher gross profit from our Automobile component segment;
iii) absence of significant impairment losses in FY2015
iv) write back of prior years provision for taxation no longer required
and v) decrease in loss from discontinued operations, net of tax.
More detailed information will be disclosed when the Group releases its full year results for
FY2015 before 30 May 2015
