Tianbao Holdings Ltd.
Tianbao Holdings Ltd. Releases Unaudited Financial Statements For The Year Ending 31 March, 2013.
Tianbao Holdings Ltd. / Key word(s): Final Results Zhengzhou China PRC – Monday – August 5, 2013 – Tianbao Holdings Ltd. Releases Unaudited Financial Statements For The Year Ending 31 March, 2013. 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.
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