Tern Properties to Swing to Fiscal H1 Loss

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Tern Properties to Swing to Fiscal H1 Loss

MT Newswires Live11-13

Tern Properties (HKG:0277) expects an attributable loss of around HK$55.8 million for the six months ended Sept. 30, compared with a profit of HK$10.5 million a year prior, a Wednesday bourse filing said.

The property company attributed the anticipated swing to loss mainly to a significantly higher fair value loss on investment properties and a decline in the net reversal of impairment loss on debt instruments at fair value through other comprehensive income.

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