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HONG KONG and TORONTO, May 26 /CNW/ - Harmony Asset Limited (TSX: HAR; HKEX: 0428) announced the release of its unaudited first quarter results. The complete filing may be seen on the Company's website (www.harmonyasset.com.hk), on SEDAR (www.sedar.com), or on the Hong Kong Stock Exchange website (www.hkex.com.hk).
Highlights of the First Quarter Report
- Very positive results were powered primarily by improvements in the
Company's HKEX-listed investments.
- Turnover (interest and dividend income), other revenue, and gains
(fair value changes on financial assets at fair value through profit
or loss) of the Group for the three months ended 31st March, 2008 was
HK$13,007,852 as compared to HK$2,376,665 in the same period last
year, representing a 447% increase.
- Gains included a realized gain due to asset sale of HK$5,739,119.
- Net profit attributable to shareholders for the three months ended
31st March, 2008 was HK$8,652,883 as compared to HK$278,117 in the
same period last year, representing a 3,011% increase.
- Basic earning per share of the Group was HK cents 22.19 for the three
months ended 31st March, 2008 as compared to HK cents 0.95 in the
same period last year, representing a 2,236% increase.
About Harmony
Harmony Asset Limited is a Hong Kong-based investment company focused primarily on unlocking the value in overlooked, privately and publicly held, emerging Chinese companies. Harmony focuses on the private industry that is shifting to process technology and value-added services. It positions itself in sound emerging private companies, with the emphasis on those focusing on high growth from the domestic market in the following markets: resources and materials, manufacturing/technology, and food and retail.
Disclaimer
Every attempt has been made to ensure the information contained herein is valid at the time of publication. Any statements involving matters of opinion or estimates, whether or not so expressly stated, are set forth as such and not as representations of fact, and no representation is made that such opinions or estimates will be realized.