CHINA EVER GRAND FINANCIAL LEASING GROUP CO.,LTD.

EG LEASING Expects 2016 Net Profit to Leap

2017-03-07

EG LEASING (00379.HK) issued positive profit alert, expecting to record a significant increase in net profit for the year ended 31 December 2016 as compared to the net profit of HK$3.4 million for the year ended 31 December 2015. Such increase is mainly due to the profit contribution from consolidation of financial leasing business newly acquired in early 2016; an one-off gain on disposal of subsidiaries; and an overall gain of on a fair value gain upon conversion of all convertible bonds into shares and a loss on disposal of half of those shares.


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