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ChinaScope Financial
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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • CUGCY.PK - China Oriental Culture Group Forecasts Larger Losses For 2012 0 comments
    Mar 25, 2013 9:57 PM | about stocks: CUGCY, CUGCF

     

     
    Prepared by ChinaScope Financial | Source: Company Disclosure
    • China Oriental Culture Group Ltd. (02371: HKG) released earnings alert, expecting to record a significant increase in losses for 2012 compared to the figure in 2011.

     

    • According to the company, the loss was mainly due to the substantial provision it made for the impairment loss of intangible assets, given the fact that the company had changed its operating locations and could no longer provide advertising services on all requested outdoor LED boards in every major city of China.

     

    • China Oriental Culture Group, along with its subsidiaries, specializes in the provision of advertising and consultancy services in respect of placing advertisements on the outdoor billboards and light emitting diode (LED) screens.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: MEdia, Choina Stocks: CUGCY, CUGCF
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