Crown International (HKG:0727) expects an attributable loss of between HK$32 million and HK$36 million for the six months ended Sept. 30, up from HK$2 million a year prior, a Monday Hong Kong bourse filing said.
The property developer attributed the forecast to a rise in the operating and marketing expense related to the trading of premium white spirit, as well as an impairment loss recognized in the period.
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