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CL Group (Holdings) expects YOY drop on 9-month profit

CL Group (Holdings) Ltd. expects to record a significant year-over-year decline in profit and total comprehensive income attributable to the owners of the company for the nine months ended Dec. 31, 2017.

The group attributed this to a decrease of about HK$12.9 million in placing and underwriting commission, and a drop of about HK$14.3 million in net fair value gain of financial asset at fair value through profit or loss.

According to a Jan. 31 release, the company is expected to release the results on Feb. 7.