HONG KONG, Feb. 20, 2017 /PRNewswire/ -- The Board of Directors (the "Board") of Future World Financial Holdings Limited (the "Company", together with its subsidiaries, the "Group") wishes to inform the shareholders and potential investors of the Company that based on the unaudited consolidated management accounts of the Group and the information currently available to the Company, the Group expects to record a net profit of approximately HK$140 million (the "Net Profit") for the year ended 31 December 2016 as compared to a net loss recorded by the Group for the year ended 31 December 2015.
The Net Profit is mainly attributable to: -
The Company is still in the process of finalising the consolidated results of the Group for the year ended 31 December 2016. This positive profit alert is only an assessment by the Board based on the information currently available, which has not been reviewed nor audited by the Company's auditor. Shareholders and potential investors of the Company are advised to read carefully the announcement of the Company in relation to the results of the Group for the year ended 31 December 2016, which is expected to be released in late March 2017.
About Future World Financial Group
Future World Financial Holdings Limited (00572.HK) is principally engaged in trading business and related services, securities trading and investment, provision of financing services, investment property in Hong Kong and development of e-commerce. The Group actively explores opportunities to diversify its business portfolio into operations with significant growth potential.
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