China Fortune Financial Group Limited (HKG:0290) announced that the group is expected to record a net loss for the year ended 31 March 2012. The net loss was mainly attributable to reduction in brokerage commission income; the impairment of account receivables; and net loss on trading of listed securities.

The current adverse financial and economic conditions are having a negative impact on the group’s principal activities.

The financial results announcement of the company for the year ended 31 March 2012 is expected to be announced in June 2012.
 

Source:chinesestock.org