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GDC (08271) expects modest profit for Q1
18 Apr 2019
(Infocast News) Global Digital Creations Holdings (08271) expects a modest profit from continuing operations for the first quarter ended 31 March 2019, as compared to a loss from continuing operations of HK$4.932 million for the corresponding period in 2018.

The relevant comparative figures in the consolidated accounts for the corresponding period in 2018 will be restated to re-present the group's discontinued operations of the computer graphic training and the cultural park.

The profit is mainly attributable to the significant decrease in the group's cost of sales, which is due to the absence of (i) recognition of amortised programme cost of an original film; and (ii) provision for impairment for the programme cost of television series for the three months ended 31 March 2019 (whereas such (i) recognition of amortised programme cost and (ii) provision for impairment for programme cost were recorded for the three months ended 31 March 2018).

(WL)
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