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Asia Pioneer (08400) expects larger loss for Q1
18 Apr 2019
(Infocast News) Asia Pioneer Entertainment Holdings (08400) said that "based on a preliminary review of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2019 (the 'Current Period'), the Group is expected to record (i) a decrease in revenue, which was offset by a decrease in cost of sales and services resulting in a slightly higher gross profit level for the Current Period as compared to that of the three months ended 31 March 2018 (the 'Corresponding Period'); and (ii) an increase in its unaudited loss and total comprehensive income for the Current Period as compared to that of the Corresponding Period, mainly attributable to an increase in the Group's operating expenses for the Current Period when compared to those of the Corresponding Period. Please be advised that the unaudited loss and total comprehensive income for the Current Period is a significant change from the previous quarter ended 31 December 2018 with an audited year end profit and total comprehensive income of HK$20.7 million."

(WL)
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