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Fosun Tourism expects to net no less than 350 million yuan profit

01/21/2019| 2:07:40 PM| 中文

The expected turnaround from net loss to net profit of the group was mainly due to the strong performance of the group’s business operation.

The board of directors of Fosun Tourism Group has informed the shareholders and potential investors that the group expects to record a net profit not less than RMB 350 million for the year ended 31 December 2018 as compared to the net loss amounted to RMB 295 million for the year ended 31 December 2017.

Based on the relevant information currently available, the board considers that the expected turnaround from net loss to net profit of the group was mainly due to the strong performance of the group’s business operation.

The annual results announcement for the year ended 31 December 2018 is expected to be released in March 2019.

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