GoFintech Innovation Warns of Substantially Wider Fiscal-Year Loss

MT Newswires Live06-18 18:33

GoFintech Quantum Innovation (HKG:0290) expects an attributable loss of up to HK$2.14 billion for the year ended March 31, wider than HK$2.5 million a year prior, according to a Thursday Hong Kong bourse filing.

The securities brokerage attributed the forecast to an impairment loss of HK$2.45 billion from the acquisition of shares in CSOP Asset Management, and the recognition of a one-off loss from the dilution of its shareholding in HK.AI.

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