Shirble Department Store Holdings (China) Limited (00312) said the group is expected to incur a loss attributable to the shareholders of not exceeding RMB220 million for the six months ended 30 June 2021, as compared to a profit attributable to the shareholders of RMB21.8 million for the six months ended 30 June 2020.
It was due to (1) there was a fair value loss of approximately RMB116 million on listed equity securities at fair value through profit or loss in relation to 1,320,000,000 ordinary shares of TFG International Group Limited (stock code: 00542) held by the company; and (2) the group had no revenue generated from the provision of property development consulting service for the six months ended 30 June 2021 due to the termination of two property development consultancy agreements with effect from 30 December 2020.
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