CHINA International Holdings reported a 63.8 per cent drop in full-year profit to 7.2 million yuan from 19.8 million yuan a year ago, due mainly to the absence of one-off gains.Revenue dipped 1.3 per cent to 89.7 million yuan from 90.8 million yuan.
China International recorded a share of loss from associated companies of 2.90 million yuan, contrasting with a share of profit of 6.44 million yuan in FY2017. The loss was attributed to associated company, KYWJ Group, due to higher expenses incurred for general advertising and marketing activities by a new operating company, Hong Kun, to attract new buyers.
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