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Television Broadcasts Limited — Earnings Release 2017
Nov 8, 2016
49261_rns_2016-11-08_7cd9d416-2e8e-4313-b3c8-49ac20fb0ed8.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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China Fortune Financial Group Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 290) Website: http://www.290.com.hk
POSITIVE PROFIT ALERT
This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.
The Board wishes to inform the Shareholders and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2016 and the information available to the Board, the Group is expected to record a profit attributable to the Shareholders for the six months ended 30 September 2016 as compared to the loss attributable to the Shareholders of approximately HKD11,551,000 for the six months ended 30 September 2015.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
This announcement is made by China Fortune Financial Group Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (‘‘SFO’’) (Chapter 571, Laws of Hong Kong).
The board of directors (the ‘‘Directors’’) of the Company (the ‘‘Board’’) wishes to inform the shareholders of the Company (the ‘‘Shareholders’’) and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2016 and the information available to the Board, the Group is expected to record a profit attributable to the Shareholders for the six months ended 30 September 2016 as compared to the loss attributable to the Shareholders of approximately HKD11,551,000 for the six months ended 30 September 2015.
The Board believes that the aforesaid turnaround from loss to profit was primarily attributable to a gain arising from the disposal of shares and benefits related to shareholders loan of Measure Up International Limited of approximately HKD73,000,000 during the six months ended 30 September 2016.
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For details of the abovementioned disposal, please refer to the announcements of the Company dated 31 March 2016 and 30 June 2016.
The information contained in this announcement is only a preliminary assessment based on the unaudited consolidated management accounts of the Group and the information currently available to the Board, which are subject to finalisation and review by the Board. The interim results of the Group for the six months ended 30 September 2016 are expected to be released in November 2016. Shareholders and potential investors are advised to read the interim results announcement of the Company when it is published.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By Order of the Board China Fortune Financial Group Limited WONG Kam Choi MH Executive Director and Chairman
Hong Kong, 8 November 2016
As at the date of this announcement, the Board consists of three executive Directors, namely Mr. WONG Kam Choi MH (Chairman), Mr. HON Chun Yu and Ms. FU Wan Sheung; two nonexecutive Directors, namely Mr. TANG Baoqi and Mr. WU Ling; and three independent nonexecutive Directors, namely Mr. CHAN Kin Sang, Mr. NG Kay Kwok and Mr. TAM B Ray Billy.
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