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01269 FIRST CAP GP
RTNominal up0.047 +0.002 (+4.444%)
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12/08/2019 13:44

First Cap Gp (01269) expects to record loss before tax

[ET Net News Agency, 12 August 2019] China First Capital Group Limited (01269) said the
company is expected to record a loss before tax of an estimated amount between RMB170
million and RMB250 million for the six months ended 30 June 2019, which has been narrowed
as compared with the loss before tax for the corresponding period in 2018.
Such loss is mainly attributable to (i) the loss recorded in the share of results of
joint ventures, which was mainly caused by the unrealised (non-cash) loss arising from the
adverse fair value change of the financial assets measured at fair value through profit
and loss held by the joint ventures; and (ii) the decrease in the sales and gross profit
of automotive parts business of the group. (RC)

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