Blue Moon Warns of Higher H1 Loss

MT Newswires Live07-16

Blue Moon Group Holdings (HKG:6993) expects an attributable loss of around HK$665 million for the six months ended June 30, up from HK$167.5 million a year prior, a Tuesday bourse filing said.

The household goods producer attributed the anticipated rise in loss mainly to higher selling and distribution expenses, which set off an increase in sales.

Shares of the company closed nearly 2% lower on Tuesday.

Price (HKD): $1.92, Change: $-0.03, Percent Change: -1.54%

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