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Jun Yang expects net loss of $12.9 million for 2015

Jun Yang expects net loss of $12.9 million for 2015


This announcement is made by Jun Yang Financial Holdings Limited  pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules).

The board of directors of the Company (“Board”) wishes to inform the shareholders and potential investors of the Company that the Company is expected to record a significant decrease in profit or even a loss attributable to owners of the Company for the year ended 31 December 2015 (“FY2015”) as compared to a profit for the corresponding period in 2014. Based on the information currently available to the Board, such significant decrease in profit or even a loss is principally attributable to the realised loss in respect of its investments, which is partly set-off by the gains arising on change in fair value of held-for-trading investments and such net off loss is estimated to be not more than HK$100 million as a result of the volatile stock market in Hong Kong in the second half of 2015.

The Board also wishes to inform the shareholders and potential investors of the Company that the operations of other principal activities remain normal during FY2015. The Group is still in the process of finalising its consolidated financial statements for FY2015. The information contained in this announcement is only based on a preliminary assessment made by the Board with reference to the information currently available, which has not been reviewed or audited by the auditors of the Company and may be subject to change. Shareholders and potential investors of the Company are advised to refer to the details of the Group’s financial results for FY2015, which is expected to be published in March 2016.

Anand Gupta Editor - EQ Int'l Media Network


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