[ET Net News Agency, 21 May 2019] International Entertainment Corporation (01009) said
it is expected that the group may record a profit for the twelve months ended 31 March
2019 as compared to a loss for the twelve months ended 31 March 2018.
The expected turnaround was mainly attributable to (i) the recognition of the one-off
gain in respect of the acquisition of the entire issued share capital of Wigan Athletic
Holdings Limited and, directly and indirectly, part of the issued share capital of its
subsidiaries on 7 November 2018 and (ii) the decrease in fair value loss of the investment
properties recorded in the current period. (RC)