[ET Net News Agency, 23 July 2019] China East Education Holdings Limited (00667) said
it is expected that group would record an increase in net profit after tax from continuing
operations of at least 40% as compared with that of RMB216 million for the six months
ended 30 June 2018.
The net profit after tax from continuing operations for the six months ended 30 June
2019 has also taken into account the effects of (i) the share based payment expenses of
RMB75 million; (ii) the non-recurring listing expenses amounted to RMB20 million; and
(iii) the adoption of Hong Kong Financial Reporting Standard 16 - Leases with effect from
1 January 2019 (which resulted in the amortisation of right-of-use assets and interests
recognised on lease liabilities) and amounted to an adjustment of expenses of RMB20
million for the period, while the net profit after tax from continuing operations for the
six months ended 30 June 2018 did not have such expenses for the period. (RC)