DGAP-News: Tianbao Holdings Ltd. Releases Unaudited Financial Statements For The Year Ending 31 March, 2013.
(firmenpresse) - DGAP-News: Tianbao Holdings Ltd. / Key word(s): Final Results
Tianbao Holdings Ltd. Releases Unaudited Financial Statements For The
Year Ending 31 March, 2013.
05.08.2013 / 11:05
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Zhengzhou China PRC - Monday - August 5, 2013 - Tianbao Holdings Ltd.
Releases Unaudited Financial Statements For The Year Ending 31 March, 2013.
(Ticker: 3TB1 ) The board of directors announced today the release of
its unaudited financial statements in accordance with IFRS accounting
standards for the year ending 31st March 2013. As previously announced
the company has changed the basis of the accounting from GAAP to IFRS .
Commenting on the numbers, the CEO stated that IFRS accounting standards
present a far more realistic picture by showing the revaluation of the
properties yielding a profit of over US$12 million, For the year ending 31
March 2013.
The unaudited financial statements will be submitted to the company's
auditors , and the company anticipates having the audited financial
statements released by the third week in September 2013. While management
does not anticipate any material change in the numbers, there could be
revisions to the notes once the audit has been completed.
The CEO futher commented 'I feel that the company is correctly positioned
and I look forward to the expansion which taking place over the next 24 to
36 months.'
The unaudited financial statements can be viewed by interested parties at
the companies website. ______________________ .
About Tianbao Holdings:
Tianbao Holdings (the 'Company') is an economically-affordable housing
manufacturer in the People's Republic of China. The Company works closely
with the Chinese government in acquiring the land for new housing
developments and constructing the homes per the specifications of the
housing plans of both the national Chinese government as well as the
provincial governments, in particular Henan Province, wherein all of the
Company's projects to date have been located.
Please address questions to : tianbaoholdings(at)gmail.com.
Safe Harbor Statement; The statements contained herein are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements.
End of Corporate News
End of Corporate News
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224194 05.08.2013
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Datum: 05.08.2013 - 11:05 Uhr
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