China Oriental Culture Group Limited provided earnings guidance for the year ended December 31, 2012. The board of directors of the Company informed the shareholders of the company and potential investors that the company and its subsidiaries are expected to record a significant increase in loss for the year ended 31 December 2012 as compared to that for the last corresponding year. The loss was mainly attributable to the substantial provision for the impairment loss of intangible assets of the LED displays advertising right due to changes in the operating environment and the difficulty in the procurement of LED boards at appropriate location in major cities in the People's Republic of China.
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Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-19.05% | 14.7M | |
-31.45% | 2.6B | |
+65.99% | 2.21B | |
-15.91% | 1.62B | |
-64.71% | 1.22B | |
+44.97% | 976M | |
-.--% | 813M | |
+6.71% | 759M | |
-12.40% | 695M | |
-15.30% | 633M |
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- China Oriental Culture Group Limited Provides Earnings Guidance for the Year Ended December 31, 2012