SRE Group (HKG:1207) expects a loss attributable to the owners of about 200 million yuan for the six months ended June 30, compared to a loss of about 409 million yuan for the previous year, according to a Thursday filing on the Hong Kong bourse.
The company attributed the expected decrease in loss to the absence of a significant impairment provision for the current period compared to the provisions for impairment made on investment for ventures for the corresponding period of the previous year.
The property development business company plans to publish its interim results before the end of September.
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