Crosstec Group (HKG:3893) expects a net loss between HK$11.8 million and HK$13.1 million for the year ended June 30, compared with HK$53.6 million in the previous fiscal year.
The interior design service provider attributed the upbeat forecast to a reduction in property impairment losses, a gain on early lease termination, lower administrative expenses, and gains from the reversal of contract cost, according to a Thursday filing with the Hong Kong Exchange.
Price (HKD): $0.54, Change: $-0.010, Percent Change: -1.82%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments